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PUBLIC DOCUMENT No. 9.
TWENTY-SECOND
ANNUAL REPORT
OF THE
Insurance Commissioner
OF THE
Commonforaltlj of ^iuBBut^xxutts,
Januaet 1, 1877.
y
Part II
Life and Accident Insurance.
BOSTON:
ALBERT J. WRIGHT, STATE PRINTER,
79 Milk Street (corner of Federal).
1877.
STATE H#U*E, BOZi
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TABLE OF CONTENTS
[For Index to. Companies, see end of Volume.]
COMMISSIONERS' REPORT.
Page
Introductory, t
Companies withdrawn, v-vii
Business of 1876, vii-viii
Statistical Tables, Summary of Contents of, viii
Table A — Summary of Income, Expenditures, Assets, Liabilities, etc., . xiv
Table B — Ratio of Net Assets to Computed Premium Reserve, . . . xvii
Table C — Ratio of Premium Notes and Loans to Premium Reserve, . xix
Table D — Ratio of Real Estate and other Investments to Gross Assets, . xxi
Table E — Policies Issued, Terminated and Gained in 1876, . . . xxiv
Table F — Claims by Death in 1876, with Ratios, etc., xxvii
Table G — Ratio of Expenses to Mean Amount Insured, .... xxx
Table H — Massachusetts Business, 1876, xxxiii
Charter Oak Life Insurance Company, viii
Status of Affairs at Date of Report, ix
The Situation, ix
Causes of the Depression in Business, ...... x
Extravagance in Management, etc., x
What the People generally require, xi
DETAILED STATEMENTS.
Massachusetts Life Insurance Companies, 2-25
Life Insurance Companies of other States, 28-142
Accident Insurance Companies of other States, .... 144-148
Life and Accident Companies of other States, with amount of busi-
ness done by each, 150-156
List of Agents and Sub-Agents authorized to act for Life and Accident
Companies, 158-163
TWENTY-SECOND ANNUAL EEPOET
OF THE
INSURANCE COMMISSIONER,
PART II.
LIFE AND ACCIDENT INSURANCE.
To the Honorable the Senate and House of Representatives.
The Commissioner respectfully presents Part II. of the
Twenty-Second Annual Report of the Insurance Department.
The number of Life Insurance Companies doing business
in this State at the date of the publication of this Report is
thirty-five. Of these, six are home Companies, and twenty-
nine Companies of other States. The statements of the
Railway Passengers' Assurance Company, and the Accident
Department of the Travelers' Insurance Company of Connecti-
cut, are published in this Report. The Hartford Accident
Company closed its business in November last, its risks
having been re-insured in the Travelers' Insurance Company,
as provided by the laws of the State of Connecticut.
Since the publication of the last Report seven Life Insur-
ance Companies have ceased transacting business in this
State.
The Continental of New York was placed in the hands of
a Receiver, October 25, 1876, upon petition of one of its
stockholders. This action was evidently taken to avoid a
pending examination, which would have undoubtedly led to
the same result, and it was immediately resisted by the
Superintendent of the Insurance Department of New York,
vi EEPORT OF THE
upon the ground that the State alone had power to institute
such proceedings. This position having been sustained by
the Court (Judge Westbrook-), the dissolution of the Com-
pany was declared upon the petition of the Attorney-General,
and John P. O'Neill of New York appointed Receiver, to
whom all claims should be presented before September 1,
1877.
The Security Life Insurance and Annuity Company of New
York was placed in the hands of a Receiver, December 14,
1876, an examination by the Insurance Department having
developed its rottenness. This examination also developed
the fact that an affirmation, made with the head covered, may
be as untrue as an oath in the usual form is sometimes found
to be. W. H. Wickham of New York is Receiver of this
Company, and all claims should be presented to him previous
to September 3, 1877.
The authority of the New Jersey Mutual Life Insurance
Company to transact business in this State was revoked
January 19, 1877, in consequence of information received
from the Insurance Commissioner of New Jersey, who was
then making an examination of its affairs. The Company
was declared insolvent, February 8, 1877, and ex-Governor
Joel Parker appointed Receiver.
The Atlantic Mutual Life Insurance Company of Albany,
N. Y., withdrew from this State, November 28, 1876, assign-
ing as a reason, "the decision rendered by the Supreme
Court, that the non-forfeiture law of Massachusetts applies as
well to foreign Companies doing business in that State, as to
those incorporated under its laws." This Company has since
been examined by the Superintendent of the Insurance De-.
partment of New York, and we learn from his report that a
considerable deficiency was found in the assets. Legal pro-
ceedings having been instituted, the Court has ordered that
the sum of $50,000 be paid in by the stockholders, to restore
the Company to a solvent condition. This order will probably
be complied with, but in airy event the policy-holders will not
be likely to sustain any considerable loss.
The managers of the Life Association of America of St.
Louis, Missouri, notified this Department early in the year
that they should not ask for a renewal of their license until
INSURANCE COMMISSIONER. vii
an examination of the affairs of that institution, which was
then pending, had been made and the results known. In the
examination which followed, this Department participated,
and it was found that although the Company was solvent
under the standard of its own State, it was deficient under
the higher standard adopted by this State.
The licenses of the agents of the American Popular Life
Insurance Company of New York expiring March 31, 1877,
were not renewed, as an examination of the affairs of that
Company- was then in progress. By this examination the
Company was found to be in an unsound condition, and it
has since passed into the hands of a Receiver. As an expo-
nent of a system of Biometry, by which it was claimed that
insurance could be furnished upon the best grade of lives at
an exceedingly low rate, this Company attained considerable
notoriety, and its failure brings up an interesting question as
to the claims of its policy-holders. As the business of life
insurance is generally conducted, the insured pays as premium
a sum sufficient to meet the cost of the insurance and furnish
the reserve as required by certain tables of mortality and rates
of interest, with a margin for expenses ; but in this Company,
owing to the system of rating down the ages, the premium
received in many cases barely paid the cost of the insurance
alone. The question to be determined is, Has a policy-holder
any claim upon a reserve to which he has not contributed, or
can his claim exceed the amount of his contribution to such
reserve ?
The licenses of the agents of the Universal Life Insurance
Company of New York were not renewed this year, the
Company being under examination at the time of their expira-
tion. The results of this examination being unfavorable, the
Superintendent of the Insurance Department of New York
has applied, by the Attorney-General, for a dissolution of the
Company. From circulars issued by the managers, it is
evident that this application will be vigorously resisted.
Business of 1876.
Following the text may be found the usual Statistical
Tables, which exhibit, in condensed form, the business of
the year.
viii KEPORT OF THE
Table A gives the income, expenditures, assets, liabilities
and balances of the several Companies, December 31, 1876.
This exhibit, as a whole, is favorable. Our home Companies
have added $398,567 to their net surplus, and increased the
ratio of assets to liabilities from 114.02 in 1875 to 115.31 in
1876. Companies of other States have added $976,416 to
their net surplus ; the ratio of assets to liabilities in these
Companies is unchanged. But for an unusual shrinkage of
assets, amounting to several millions of dollars, the Companies
would have been able to make exceptionally good financial
statements.
Table B gives the ratio of net assets to computed premium
reserve. With our home Companies this ratio is steadily
increasing, being 112.90 for 1876, against 111.38 for 1875.
Table C gives the ratio of premium notes to premium
reserve, and shows by corresponding ratios for a term of
years the progress of the Companies towards a cash business.
Table D classifies the assets of the Companies, and exhibits
the ratio of each group to the gross assets.
Table E gives the policies issued, terminated and gained
during the year, with number and amount of policies in force
December 31, 1876. A few of the Companies show a gain in
number of policies and amount of insurance, but the aggregate
loss is, in policies, 5,032; in insurance, $45,868,410. Of
the insurance terminated during the year, the death losses
are about $22,000,000, and matured endowments about
$3,000,000.
Table F gives the claims by death during the year, with
ratios for several years of losses to mean amount insured.
Table G gives the ratio of expenses to the mean amount
insured, with corresponding ratios for a term of years.
Table H exhibits the new business of the year in this
State, in comparison with the business of 1875.
The Charter Oak Life Insurance Company.
The financial condition of this Company, as exhibited by a
critical examination recently made, is such as to require the
Commissioner to notify its officers and agents to discontinue
the issuing of new policies in this State until such time as
its funds have become equal to its liabilities, valuing its poli-
INSURANCE COMMISSIONER. ix
cies by the standard adopted by this State. That this Com-
pany had been seriously injured by reckless mismanagement
has long been known to its policy-holders and others. That
the blow was severe was conceded, but that it was fatal was
not admitted, nor will it be until every legitimate effort to
remove its effects has failed. The failure of a Life Insurance
Company at any time is a great disaster, but in times like the
present the consequences of such a failure are aggravated
manifold. The details of the status of the affairs of the
Charter Oak having been widely disseminated by the daily
press, it is not considered necessary that they should be
incorporated in this Report. Under the new management the
interests of the policy-holders will be protected by men of
integrity and ability. The name of ex-Governor Jewell alone
is a sufficient guarantee that the transactions of the Company
will be conducted hereafter upon business principles. What
the Charter Oak required in this crisis was, not "insurance
talent," so called, — that is, ability to secure new business, — but
clear-headed business men, — men capable of turning the assets
of the Company to the best advantage, and men in whom the
public have implicit confidence. These it now has, and there
are good grounds for the belief that the Company will, under
their management, be restored to a condition of solvency
equal to the highest standard of any of the States.
Not long ago a Life Insurance Company of this State was, by
bad management, brought to the verge of disaster. Arbitrary
action on the part of the Department might have caused its
ruin, but such action was not taken ; on the contrary, every
proper exertion was made to save it. The new officers and
directors put their shoulders to the wheel, and the institution
was placed upon solid ground again. Since this crisis in its
affairs this Company has paid nearly four hundred thousand
dollars to widows and orphans. It is to-day strong and
vigorous. Such we hope will be the history of the Charter
Oak. Such it will be, if human efforts can accomplish it.
The Situation.
That the business of Life Insurance is in a depressed con-
dition is evident from the statistics embodied in this Report.
Much has been written of a theoretical character accounting
x Report of the
for this state of things, but the real causes for the decadence
of the business are practical rather than theoretical. The
priucipal cause is the change in the financial circumstances of
the people generally. During the " flush " times which fol-
lowed the war of the rebellion, obligations, in the form of
premiums upon policies of life insurance, were assumed
which have since become burdens too heavy to be borne.
Hence, an enormous number of lapses and demands for
paid-up policies. Another cause is the extravagant manner
in which the business, as a whole, has been conducted. The
expenses of thirty-four Companies doing business in this
State the past year were nearly twelve millions of dollars, —
more than half as much as the entire amount paid for death
losses. This is all wrong. No business can flourish under
such a burden. If life insurance is to prosper, the same
spirit of economy which now prevails in other branches of
business must be adopted by its managers. Not the least of
these causes is the great disappointment which policy-holders
have experienced in consequence of the failure of Companies
to fulfil the promises and representations made by agents at
the time the insurance was effected. Just here appears one
of the prominent evils of the premium-note system. Every
proposition to take a note for a portion of the premium car-
ries with it a promise, expressed or implied, or both, that the
same shall be cancelled by future dividends. The recent
developments of fraud and incompetency have somewhat
impaired the confidence of the public, but this will soon be
restored. The critical investigations begun last fall have
developed some weakness, but much more strength. When
these investigations are completed, which will probably be
this year, it will be found that most of the Companies are
strong and trustworthy, that the failures have not been in
excess of those in other branches of business, and that such
failures as have occurred have not been caused by any defect
in the theory of life insurance, but are the results of fraud
and bad management.
The business of life insurance is not dead, nor dying. It
is yet in its infancy. That the people want life insurance is
demonstrated by the multitude of co-operative associations
now in existence, and springing up daily. From inherent
INSURANCE COMMISSIONER. xi
defects this system can have but a brief existence, and the
field is open to enterprising, legitimate Companies which
realize the situation. Life insurance must be furnished at a
price within the means of the people. In prosperous times
merchants and business men generally can carry large policies
upon the ordinary life and endowment plans, but it is only
during such times that these classes of insurance can be
extensively worked. In times like the present, the people
want term insurance, with the privilege of paying the premi-
ums in monthly instalments. Men of limited income, who
might find it difficult or impossible to pay the whole yearly
premium in one sum, would be able to meet the compara-
tively small monthly payments without inconvenience. If
agents will not work term insurance because the commissions
are so small, let some other plan be devised for presenting it
to the people. Co-operative insurance will for a while be an
obstacle, but there can be but one result of a contest between
the two systems. As before stated, the people want life
insurance, and when it is offered in varied forms adapted to
the means of all classes, we may be assured of the prosperity
and perpetuity of this beneficent institution.
Respectfully submitted.
S. H. RHODES,
Insurance Commissioner.
STATISTICAL TABULATIONS
XIV
REPORT OF THE
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xvn
Table B. — Ratio of Net Assets to Computed Premium Reserve,
December 31. 1876.
Net Assets or Ac-
tual Premium
Eeserve.
Net Present Val.
of Policies or
Computed Pre-
mium Eeserve.
Ratio in
1876.
Cokresp'g Ratios.
NAME OF COMPANY.
1875.
1874.
Massachusetts Cos.
Berkshire,
$3,174,022
$2,852,107
111.29
110.92
110.27
John Hancock, .
2,759,814
2,520,170
109.51
106.06
100.74
Mass. Mutual, .
6,227,684
5,544,085
112.33
110.89
110.16
New England Mut., .
14,190,586
12,507,883
113.45
112.29
111.47
State Mutual, .
2,061,552
1,743,632
118.26
114.94
117.60
Totals, .
$28,413,638
$25,167,877
112.90
111.38
110.28
COS. OF OTHER STATES.
iEtna,
$22,673,956
$20,199,225
112.25
110.44
109.18
Charter Oak, .
13,279,001
13,187,971
100.70
103.40
102.17
Connecticut General,
1,236,783
995,928
124.19
129.09
129.23
Connecticut Mutual, .
44,848,184
40,839,645
109.81
110.20
110.79
Continental, Conn., .
3,346,580
3,236,118
103.41
106.95
107.31
Equitable,.
30,295,095
27,720,700
109.29
108.52
103.10
Germania,
7,721,990
7,107,263
108.65
106.09
105.11
Globe Mutual, .
4,292,616
4,146,176
103.53
108.72
107.54
Hartford L, and A., .
935,007
601,790
155.37
153.53
148.21
Home,
4,682,866
4,028,860
116.23
113.92
111.32
Homoeopathic, .
680,941
624,678
109.01
110.73
110.03
Knickerbocker,
6,569,503
6,464,809
101.62
107.71
106.66
Manhattan,
9,690,020
8,386,867
115.54
116.91
117.83
Metropolitan, .
2,085,827
2,013,257
103.61
105.67
108.48
Mutual, .
81,294,085
76,218,458
106.66
106.26
105.09
Mutual Benefit,
32,371,622
29,039,123
111.48
109.41
114.44
National, Vermont, .
1,986,387
1,320,968
150.37
144.93
145.90
National of the U. S.,
3,830,979
3,264,606
117.35
120.21
120.79
XV111
REPORT OF THE
Table B. — Ratio of Net Assets, &c. — Concluded.
Net Assets or Ac-
tual Premium
Reserve.
Net Present Val.
of Policies or
Computed Pre-
mium Reserve.
Ratio in
1876.
Cokkesp'g Ratios.
NAME OF COMPANY.
1875.
1874.
New York,
$32,621,083
$28,683,653
113.73
113.52
110.08
Northwestern Mut., .
17,740,802
15,165,760
116.98
116.97
115.09
Penn Mutual, . .
5,754,099
4,923,158
116.88
117.81
116.01
Phoenix Mutual,
10,422,303
10,282,824
101.35
100.75
102.57
Provident L. and T.,
3,537,690
2,774,199
127.52
131.44
131.61
Provident Savings, .
113,741
32,845
346.29
1,027.66
-
Travelers, 1
3,711,645
2,524,505
147.02
150.30
148.90
Union Mutual, .
7,831,346
7,729,781
101.31
115.96
115.52
United States, .
4,658,657
4,118,276
113.12
112.39
113.57
Vermont, .
180,398
81,564
221.18
249.26
284.53
Washington,
5,172,860
4,637,391
111.55
110.28
109.96
Totals, .
$363,566,066
$330,410,398
110.04
-
-
Grand Totals,
$391,979,704
$355,578,275
110.24
-
-
INSURANCE COMMISSIONER.
xix
Table C. — Ratio of Premium Notes and Loans to Computed Pre-
mium Reserve, December 31, 1876.
Ratio to
Corresponding Ratios.
Premium Notes
and Loans.
Keserve
in
1876.
NAME OF COMPANY.
1875.
1874.
1873.
1
1873. 1871.
Massachusetts Cos.
Berkshire,
$193,738
6.79
7.48
7.9.0
8.79
9.84
10.05
John Hancock,
341,046
13.53
14.69
15.17
19.50
22.04
25.65
Mass. Mutual,
894,548
16.14
18.54
20.24
22.33
23.92
24.40
New Engla'd Mut.,
1,823,941
14.58
16.78
18.47
20.72
22.68
24.53
State Mutual,
23,011
1.32
1.54
3.95
3.34
2.93
2.0c
Totals,
$3,276,283
13.02
16.02
16.39
18.55
20.29
21.79
COS. OF OTHER STATES.
JEtna, .
$3,764,626
18.64
21.95
25.70
30.35
35.53
43.11
Charter Oak, .
2,849,615
21.61
26.49
29.75
29.09
31.40
30.59
Connecticut Gen'l,
141,867
14.24
15.28
16.66
19.41
20.98
20.50
Connecticut Mut., .
6,290,699
15.40
17.49
20.12
24.79
30.22
36.38
Continental, Conn.,
1,112,286
34.37
37.20
41.75
45.29
59.65
65,82
Equitable,
-
-
-
-
-
-
-
Germania,
-
-
-
-
-
-
-
Globe Mutual,
24,025
.60
-
-
-
-
-
Hartford L. & A., .
-
-
-
-
-
-
-
Home, .
1,074,515
26.67
28.11
29.16
30.49
32.66
35.99
Homoeopathic,
-
-
-
-
-
-
-
Knickerbocker,
2,633,596
40.74
43.14
45.18
47.63
50.28
53.27
Manhattan, .
2,014,314
24.02
26.67
29.04
31.68
32.94
38.00
Metropolitan,
365,689
18.16
20.52
27.32
25.63
25.64
24.14
Mutual, .
-
-
-
-
-
-
-
Mutual Benefit,
5,647,080
19.45
21.04
26.77
29.01
31.07
33.77
National, Vt.,
28,661
2.17
2.57
3.38
3.96
4.54
5.62
Nat'l of the U. S., .
54,622
1.61
2.00
2.38
2.77
.10
-
XX
REPORT OF THE
Table C. — Ratio of Premium Notes and Loans, &c. — Concluded.
Premium Notes
and Loans.
Ratio to
Reserve
Corresponding Ratios.
NAME OF COMPANY.
1876.
1875.
1874.
1873.
1872.
1871.
New York, .
$781,585
2.72
3.34
3.75
4.37
5.00
5.61
Northwest 1 n Mut„,
3,825,551
25.22
28.74
32.14
35.79
39.66
42.55
Perm Mutual,
_ 722,384
14,67
15.66
16.64
17.29
21.27
28.37
Phoenix Mutual, .
2,982,685
29.01
33.77
38.21
42.66
48.67
56.25
Provident L, & T„
97,289
3.51
4.43
5.58
6.72
8.53
10.80
Provident Savings,
329
1.00
-
-
-
-
-
Travelers,' .
-
-
-
-
-
-
-
Union Mutual,
1,881,566
24.34
28.41
30.77
33.79
36.38
37.97
United States,
155,471
3.78
4.49
5.43
6.66
7.82
15.48
Vermont,
8,543
10.47
9.60
11.87
-
-
-
Washington,.
-
-
-
-
-
-
-
Totals,
136,456,998
11.03
-
-
-
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INSURANCE COMMISSIONER.
XXXlll
Table H. — Massachusetts Business.
Policies Issued, 1876.
Policies Issued, 1875.
NAME OF COMPANY.
Number.
Amount.
Number.
Amount.
Massachusetts Companies.
Berkshire,
115
$185,891
160
$274,369
John Hancock, .
160
234,575
286
324,654
Massachusetts Mutual,
321
891,867
355
1,013,992
New England Mutual,
299
734,829
353
829,403
State Mutual, .
123
236,000
206
484,500
Totals, ....
1,018
$2,283,162
1,360
$2,926,918
Companies of Other States.
~-
JEtna, ....
295
$464,569
370
$647,924
Charter Oak, .
562
992,165
419
825,060
Connecticut General,
86
125,401
128
238,152
Connecticut Mutual,
212
701,200
267
815,148
Continental, ConD.,
89
148,075
66
145,700
Equitable, .
393
1,316,770
371
1,072,085
Germania,
9
7,944
7
6,007
Globe Mutual, .
92
198,327
61
133,000
Hartford L. and A.,
34
46,421
41
46,899
Home,
3
9,500
7
11,500
Homoeopathic, .
100
200,324
87
192,619
Knickerbocker,
50
140,500
24
45,995
Manhattan,
68
262,836
82
273,734
Metropolitan, .
104
114,653
192
219,876
Mutual,
558
1,290,295
583
1,611,506
Mutual Benefit,
158
500,075
195
£91,335
National, Vermont, .
123
397,000
103
308,500
National of the U. S.
j •
26
27,515
14
38,000
xxxiv REPORT OF THE INSURANCE COM'R.
Table H. — Massachusetts Business — Concluded.
Policies Issued, 1876.
Policies Issued, 1875.
NAME OF COMPANY.
Number.
Amount.
Number.
Amount.
New York,
229
$645,890
277
$845,425
Northwestern Mutual,
100
408,058
81
280,506
Penn Mutual, .
20
31,000
12
50,200
Phoenix Mutual,
241
261,125
404
570,351
Provident L. and T.,
67
148,000
92
148,534
Provident Savings, .
84
138,750
-
-
Travelers',
118
200,984
118
220,117
Union Mutual, .
766
1,294,200
907
1,569,212
United States, .
182
312,320
219
381,820
Vermont, ....
20
40,000
11
33,200
Washington,
52
134,085
57
132,400
Totals, .
4,841
$10,557,982
5,195
$11,454,805
Grand Totals,
5,859
$12,841,144
6,555
$14,381,723
MASSACHUSETTS
LIFE INSURANCE COMPANIES.
Detailed Statements of Assets and Liabilities, with Abstract
of Annual Statements, for the Year ending
December 31, 1876.
MASSACHUSETTS LIFE
[Dec. 31,
DETAILED STATEMENTS OE ASSETS AND LIABILITIES.
BERKSHIRE LIFE INSURANCE COMPANY, PITTSFIELD.
[Incorporated May, 1851. Commenced business, September 3, 1851.]
Paid-up Capital, $25,500.
Edward Boltwood, President. Secretary, James W. Hull.
James M. Barker, Vice-President.
Principal Office, Pittsfield.
Income.
Total premium income, $443,201 55
Cash received for interest on stocks, bonds and loans, .
for interest on other debts due the company, .
as discount on claims paid in advance, .
for rents of company's property, .
Profit and loss,
Total income,
Net or ledger assets, December 31, 1875,
179,444 98
7,412 66
550 26
7,687 31
50 41
Total,
5,347 17
*2,964,502 39
$3,602,849 56
Disbursements.
Cash paid for losses and additions, ....
Premium notes or loans used in payment of same,
Cash paid for matured endowments and additions,
Premium notes or loans used in payment of same,
Gross amount paid for losses and endowments,
Cash paid for surrendered policies, ....
Premium notes or loans used in purchase of surrendered
policies and voided by lapse,
Cash surrender values, including reconverted additions ap
plied in payment of premiums,
Cash dividends paid policy-holders, $11,499.69; applied in
payment of premiums, $72,089.43, ....
Premium notes or loans used in payment of dividends,
Total paid policy-holders,
$397,398 74
$159,268 92
6,018 29
48,883 49
2,611 51
$216,782 21
23,554 57
20,386 14
44,727 49
83,589 12
8,359 21
* This balance has been increased (from $2,958,221.12, per last Report) by the amount of
cash held in reserve by the company against sundry ledger accounts in suspense, included in
Liabilities.
1876.]
INSURANCE COMPANIES.
Cash, paid for dividends to stockholders,
for commissions to agents, ....
for salaries and travelling expenses of agents,
for medical examiners' fees, ....
for salaries of officers and office employes, .
for taxes and fees,
for rent, . . . . . . . . .
for advertising,
for office and incidental expenses,
Total disbursements,
Balance,
11,785 00
33,080 23
6,005 11
1,810 00
13,754 77
5,397 44
4,659 83
2,883 10
9,865 82
$476,640 04
3,126,209 52
Invested in the following : — ■
Assets as per Ledger Accounts
Cost value of real estate,
Loans on mortgage of real estate (first liens),
Loans on collateral security (schedule A), .
Premium notes or loans on policies.in force, .
Cost value of stocks and bonds owned (schedule B),
Cash in company's office,
Cash deposited in bank,
Bills receivable,
Agents' ledger balances,
Office furniture,
Ledger assets (as per balance),
Other Assets.
Interest due and accrued, .
Market value of stocks and bonds, over cost,
Uncollected premiums on policies in force, .
Deferred premiums on policies in force,
Total,
Deduct loading (10 per cent.),
Net am't of uncollected and deferred prem's,
Total assets per company's books, .
1217,676 98
1,767,740 63
60,953 33
193,738 44
797,757 80
235 83
60,912 69
750 00
23,443 82
3,000 00
Items not Admitted.
Furniture and fixtures, .
Agents' balances,
Bills receivable,
Total,
Total admitted assets,
$3,126,209 52
66,558 91
.
16,222 20
$34,199 19
32,956 43
$67,155 62
6,715 56
60,440 06
$3,269,430 69
$3,000 00
23,443 82
750 00
27,193 82
,242,236 87
MASSACHUSETTS LIFE
[Dec. 31
Liabilities.
Computed premium reserve or net present
value of all outstanding policies (Actua-
ries' 4 per cent.), . .....
Deduct net value of re-insured risks,
Net re-insurance reserve, . . . .
Death losses and matured endowments in
process of adjustment, ....
Claims resisted by the company, .
Total policy claims,
Unpaid dividends of surplus due policy-holders,
All other liabilities: premiums paid in advance,
Pennsylvania State tax,
Liabilities as to policy-holders,
Surplus as regards policy-holders, .
Gross liabilities,
$2,862,988 00
10,881 00
■$2,852,107 00
,445 00
10,000 00
49,445 00
7,436 78
8,731 55
2,601-80
$2,920,322 13
. 321,914 74
$3,242,236 87
Premium Note Account
Premium notes on hand, Dec. 31, 1875, . . $204,351 77
Premium notes or loans received during 1876, 37,667 05
Total, $242,018 82
Used in payment of losses and claims, . . $8,629 80
of surrendered policies and
voided by lapse, . . 20,386 14
of dividends to policy-hold-
ers, 8,359 21
Redeemed by maker in cash, .... 10,905 23
Total, . 48,280 38
Balance note assets, December 31, 1876,
. $ 193,738 44
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 2,910 $6,950,541 00
Endowment policies, 1,903 3,931,797 00
All other policies, 848 1,794,550 00
Reversionary additions, - 57,878 00
New Policies Issued in 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
360
151
1
993,398 00
238,855 00
1,000 00
Old Policies Revived during the year.
Whole-life policies, 28 63,500 00
Endowment policies, 22 32,500 00
1876.]
INSURANCE COMPANIES.
All other policies, .
Additions by dividends, .
439 $1,087,567 00
8,485 00
Total number and amount 6,662 $15,160,071 00
Policies ceased to be in force during the year.
Terminated by death,
by maturity,
by expiry, .
by surrender,
by lapse,
Not taken,
71
$170,739 00
27
50,200 00
. 379
891,322 00
. 122
366,007 00
. 439
1,087,567 00
93
263,221 00
Total terminated,
. 1,131 $2,829,056 00
Policies in force December 31, 1876.
Whole-life policies, . . . . . . 2,852
Endowment policies, 1,835
All other policies 844
Reversionary additions, -
Totals,
$6,737,604 00
3,730,161 00
1,804,050 00
59,200 00
5,531 $12,331,015 00
Schedule
Securities held as
Central Pacific R. R. bonds, .
United States bonds,
58 shares Agricultural Nat'l Bank,
h a it u cc
28 " "
25 '
150 '
135 '
10 '
67 '
64 '
8 Pittsfield Natl Bank,
' Adams Nat'l Bank,
' American Express Co.,
' Pittsfield Nat'l Bank,
' Massasoit Paper Co.,
Pittsfield Gas Co., .
Stockbridge and Pittsfield R. R. stock,
150 shares Pittsfield Gas Co,, .
A.
Collateral.
Market value.
$3,277 50
2,327 50
11,600 00
1,400 00
5,600 00
3,375 00
17,750 00'
13,500 00
1,350 00,
7,370 00
8,640 00
1,200 00
20,250 00
Amount loaned.
$2,453 33
1,500 00
4,000 00
1,000 00
3,500 00
1,500 00
22,000 00
5,000 00
7,000 00
1,000 00
12,000 00
$97,640 00 $60,953 33
Schedule B.
Stocks and Bonds oiuned by the Company.
Cost value. Market value.
United States bonds, $526,677 80 $542,900 00
458 shares Pittsfield Nat'l Bank, . . . 61,830 00 61,830 00
250 " Adams Nat 1 ! Bank, . . . 31,250 00 31,250 00
MASSACHUSETTS LIFE
[Dec. 31,
300 shares Agricultural Nat'l Bank,
North Adams water scrip,
Berkshire County loan, .
Cheshire town loan,
Hinsdale town loan,
,000 00 $60,000 00
43,000 00
60,000 00
14,000 00
1,000 00
43,000 00
60,000 00
14,000 00
1,000 00
$797,757 80 $813,980 00
JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY,
BOSTON.
[Incorporated April 21, 1862. Commenced business December 27, 1862.]
President, George Thornton. Secretary and Actuary,
Vice-President, Samuel Atherton. George B. Woodward.
Principal Office, Sears Building, Boston.
Income.
Total premium income, $403,488 42
Cash received for interest on stocks, bonds and loans, . . 159,766 05
for interest on other debts due the company, . 13,772 89
as discount on claims paid in advance, . . 2,882 79
for rents of company's property, . . . 696 00
Total income, . .
Net or ledger assets, December 31, 1875,
Total,
),606 15
. 2,589,351 83
$3,169,957 98
Disbursements.
Cash paid for losses and additions, ...... $131,161 15
Premium notes or loans used in payment of same, . . 1,205 56
Cash paid for matured endowments and additions, . . 70,322 45
Premium notes or loans used in payment of same, . . 15,893 14
Gross amount paid for losses and endowments, . . $218,582 30
Cash paid to annuitants, ' . 1,772 00
for surrendered policies, 7,182 78
Premium notes or loans used in purchase of surrendered
policies and voided by lapse, 44,777 75
Cash surrender values, including re-converted additions
applied. in payment of premiums, . . . . . 83,345 73
Cash dividends paid policy-holders, $1,184.11 ; applied in
payment of premiums, $19,604.31, 20,788 42
Premium notes or loans used in payment of dividends, . 13,558 62
Total paid policy-holders,
$390,007 60
1876.]
INSURANCE COMPANIES.
Cash paid for commissions to agents, ....
for salaries and travelling expenses of agents,
for medical examiners 1 fees, ....
for salaries of officers and office employes, .
for taxes and fees,
for rent,
for furniture and office fixtures,
for advertising, . . .
for office and incidental expenses, -
Total disbursements,
. $22,873
39
23,303
66
6,369
50
26,568
00
4,110
82
10,891
71
830
03
3,589
70
12,450
20
. $500,994 61
Balance,
$2,668,963 37
Invested in the following : —
Assets as per Ledger Accounts.
Cost value of real estate,
Loans on mortgage of real estate (first liens),
on collateral security (schedule A),
Premium notes or loans on policies in force, .
Par value of stocks and bonds owned (schedule B),
Cash in company's office,
deposited in bank, .......
Bills receivable,
Agents 1 ledger balances,
Commuted commissions, $3,958.81 ; loaned on personal
security, $1,500.00,
Ledger assets (as per balance),
Other Assets.
Interest due and accrued, .
Rents due and accrued,
Market value of stocks and bonds, over par,
Uncollected premiums on policies in force, .
Deferred premiums on policies in force,
Total,
Deduct loading (20 per cent.),
Net amount of uncollected and deferred pre-
miums,
$50,928 96
1,437,810 00
52,950 00
341,045 98
768,500 00
277 53
3,051 18
2,014 17
6,926 74
5,458 81
$2,668,963 37
59,308 37
614 83
25,327 50
£32,936 6b
35,849 99
,786 64
13,757 33
Total assets per company's books, .
Items not Admitted.
Commuted commissions, .... $3,958 81
Agents 1 balances, 6,926 74
Loans on personal security, . . . . . 1,500 00
Bills receivable, ...... 2,014 17
Total,
55,029 31
$2,809,243 38
Total admitted assets,
14,399 72
$2,794,843 66
8
MASSACHUSETTS LIFE
[Dec. 31,
Liabilities.
Computed premium reserve or net present value of all out-
standing policies (Actuaries 1 4 per cent.), . $2,523,126 00
Deduct net value of re-insured risks, . . 2,956 00
Net re-insurance reserve, . . . . -
— $
2,520,170 00
Premium obligations in excess of net values
of their policies,
|152 35
Matured endowments due and unpaid, .
100
00
Death losses and matured endowments in
process of adjustment, ....
19,154 00
T^nt^l "nnlipv pl^ii itiq —
19,406 35
-L U bchl IJUilOV KsLcbLLHO} • * a . • • —
Unpaid dividends of surplus due policy-holders,
.
8,321 72
All other liabilities, premiums paid in advance,
$
7,301 24
Liabilities as to policy-holders,
2,555,199 31
Surplus as regards policy-holders, .
$
239,644 35
Gross liabilities, . . .
2,794,843 66
Premium Note Account.
Premium notes on Dec. 31, 1875, .
$373,838
23
or loans received during 1876,
43,144
65
Total
$416,982 88
XULtU, • • • • • . » "■
Used in payment o" losses and claims, .
$17,098
70
of surrendered policies and
voided by lapse, .
44,777
75
of dividends to policy-hold-
ers,
13,558
62
Redeemed by maker in cash, ....
501
83
Tntn'l
75,936 90
J_ U till, . . . • . . . ""
Balance note assets, Dec. 31, 1876, .
$341,045 98
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Whole-life policies, .
Endowment policies,
All other policies, .
New Policies Issued in 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
Old Policies Revived during the year.
Whole-life policies, .
Endowment policies,
All other policies,
Total number and amount,
Number.
Amount.
3,918
$8,809,163 00
1,952
2,693,367 00
9
14,300 00
790
1,597,337 00
131
154,973 00
4
16,500 00
year. ■
24
45,000 00
9
13,000 00
1,747
3,408,450 00
8,584 $16,752,090 00
1876.]
INSURANCE COMPANIES.
Policies ceased to be in force during the year.
Terminated by death, ....
by maturity, .
by surrender,
by lapse,
by change and decrease,
Not taken,
Total terminated,
65
51
693
172
222
Policies in force December 31, 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
Totals,
3,779
1,799
1,760
$78,369 00
84,632 00
100,110 00
1,580,300 00
460,500 00
534,000 00
1,246 $2,837,911 00
£8,137,632 00
2,337,297 00
3,439,250 00
7,338 $13,914,179 00
Schedule A.
Securities held as Collateral.
Market value.
Wichita and So. Westfn R. R. 1st mort. bonds, $6,300 00
Atchison, Topeka and Santa Fe R. R. bonds, . 5,550 00
Atchison, Topeka and Santa Fe land grants, . 2,452 50
205 shares American Whip Co., . . . 20,500 00
10 " Boston and Albany R, R. Co., . 1,275 00
Oswego and Fox Valley R. R. bonds, . . 1,000 00
Atchison, Topeka and Santa Fe land grants, . 817 50
United States 5-20 bond, .... 116 37
150 shares Chicago, Burl'n and Quincy R. R , 17,512 50
Detroit City bonds, 10,300 00
United States 5-20 bonds, .... 590 00
6 shares Boylston Market Association, . . 4,200 00
Amount loaned.
$10,000 00
12,000 00
2,000 00
750 00
15,000 00
10,000 00
3,200 00
,613 87 $52,950 00
Schedule B.
Stocks and Bonds owned by the Company.
United States bonds,
Cleveland (Ohio) city bonds,
Portland (Me.) city bonds,
Bath (Me.) city bonds, .
Salem (Mass.) city bonds,
Lynn (Mass.) city bonds,
Boston (Mass.) city bonds,
Cambridge (Mass.) city bonds,
Albany (N. Y.) city bonds,
Cincinnati (Ohio) city bonds,
Evansville (Ind.) city bonds,
2
Cost value.
$101,440 00
10,300 00
4,750 00
1,840 00
8,960 00
13,845 00
5,075 00
2,037 50
9,567 50
10,180 00
5,125 00.
Market value.
$111,285 00
10,450 00
5,000 00
2,020 00
9,450 00
14,980 00
.5,000 00
2,160 00
10,200 00
11,100 00
5,150 00
10
MASSACHUSETTS LIFE
[Dec. 31,
Chicago (111.) city bonds,
Marion Co. (Ind.) bonds,
Old Colony R. R. bonds, ....
Vermont Cent, and Vt. and Canada bonds,
Vermont Central R. R. bonds,
Ogclensburg and Lake Champlain bonds,
Phila., Wil. and Baltimore R. R. bonds, .
Illinois Grand Trunk R. R. bonds, .
Michigan Central R. R. bonds,
Nashua and Rochester R. R. bonds,
Grand River Valley R. R. bonds, .
Lowell and Andover R R. bonds, .
Cedar Rapids and Mo. River bonds,
Lansing, Jack, and Sag. R. R bonds,
Boston and Albany R. R. bonds,
Chicago, Burlington and Quincy R. R bonds
Boston and Providence R. R. bonds,
50 shares Boston and Maine R. R.,
120 " Vermont and Canada R. R., .
Old Colony R. R note, ....
Boston and Lowell R R. note,
Boston and Providence R R. note, .
100 shares N. E. Nat'l Bank, .
50 " Tremont Nat'l Bank, .
70 " Continental Nat'l Bank,
35 " Boylston Natl Bank, .
100 " Washington Nat'l Bank,
Boston Gas Light Co. bonds, .
Newton and Watertown Gas Light Co. bonds
New England Mortgage Security Co. bonds,
The Appletou Co.'s loan,
$9,612 50
10,300 00
18,082 50
5,040 00
500 00
4,987 50
6,650 00
19,400 00
5,362 50
23,125 00
10,487 50
18,300 00
13,500 00
10,100 00
122,668 75
20,150 00
26,187 50
5,635 62
11,933 25
50,000 00
10,000 00
88,000 00
12,031 00
6,200 00
7,000 00
4,362 50
13,537 50
25,000 00
19,950 00
5,000 00
25,000 00
$10,600 00
10,500 00
18,090 00
1,450 00
290 00
5,000 00
7,245 00
22,000 00
4,000 00
23,125 00
6,000 00
20,000 00
14,850 00
9,250 00
133,200 00
21,900 00
28,500 00
4,962 50
2,070 00
50,000 00
10,000 00
88,000 00
14,000 00
5,550 00
7,490 00
4,410 00
13,800 00
25,500 00
15,000 00
5,250 00
25,000 00
$781,223 62 $793,827 50
MASSACHUSETTS HOSPITAL LIFE INSURANCE COMPANY,
BOSTON.
[Incorporated February 24, 1818. Commenced business, 1823.]
Paid-up Capital, $500,000.
Peter C. Brooks, President. Secretary, J. C. Braman.
Actuary, George T. Bigelow.
Principal Office, Bosto7i.
Income.
Total premium income, $30,472 74
Cash received for interest on stocks, bonds, and loans, . . 54,197 18
for commissions on trusts, .... 65,029 43
Total income, $149,699 35
1876.]
INSURANCE COMPANIES.
11
Disbursements.
Cash paid to annuitants,
for surrendered policies,
for dividends to stockholders,
to Massachusetts General Hospital,
for salaries of officers and office employes,
for taxes and fees, ......
for rent,
for office and incidental expenses,
Total disbursements,
$30,929
00
216
15
80,000 00
25,000
00
17,700 00
6,957
25
2,500
00
1,283
19
$164,585 59
Assets as per Ledger Accounts
Cost value of real estate, ....
Loans on mortgage of real estate (first liens),
on collateral security, ....
Cash market value of stocks and bonds owned,
deposited in bank,
Interest due and accrued, ....
$8,597 32
595,652 29
188,548 52
92,493 72
468 58
17,121 20
Total assets, $902,881 63
Liabilities.
Computed premium reserve or net present value of all out-
standing policies (Actuaries' 4 per cent.), . . . . 171,852 00
Surplus as regards policy-holders, .
. $731,029 63
Exhibit of Policies.
Whole-life policies in force December 31, 1875,
Policies surrendered during the year,
Whole-life policies in force Dec. 31, 1876,
Annuities,
Number.
6
1
5
81
Amount.
$13,500 00
500 00
$13,000 00
$32,321 00
12
MASSACHUSETTS LIFE
[Dec. 31,
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
SPRINGFIELD.
[Incorporated May 15, 1851. Commenced business August 1, 1851.]
E. W. Bond, President. Secretary, Avery J. Smith.
Henry Fuller, Jr., Vice-President. Actuary, Oscar B. Ireland.
Principal Office, Springfield.
Income.
Total premium income, $1,053,213 93
Cash received for interest on stocks, bonds and loans, . . 352,703 91
for discount on claims paid in advance, . . 1,642 10
for rents of company's property, . . . 5,957 34
Total income, ' . . $1,413,517 28
Net or ledger assets, December 31, 1875, . . . 5,672,941 19
Total,
,458 47
Disbursements.
Cash paid for losses and additions, ....
Premium notes or loans used in payment of same,
Cash paid for matured endowments and additions,
Premium notes or loans used in payment of same,
Gross amount paid for losses and endowments,
Cash paid for surrendered policies,
Premium notes or loans used in purchase of surrendered
policies and voided by lapse,
Cash surrender values applied in payment of premiums
Cash dividends paid policy-holders, $ 18,623.85; applied in
payment of premiums, $88,694.54, ....
Premium notes or loans used in payment of dividends,
Total paid policy-holders, . . . $848,695 64
Cash paid for commission to agents, ....
for salaries and travelling expenses of agents,
for medical examiners 1 fees, ....
for salaries of officers and office employes, .
for taxes and fees, . . . . .
for rent,
for furniture and office fixtures,
for advertising, . . . . .
for office and incidental expenses,
. $324,278 41
14,229
02
30,016
61
8,280
39
. $376,804 43
31,240
1
97
. 126,148
42
68,862
04
. 107,318
39
. 138,321
39
$59,984 14
55,174 20
4,484 50
42,550 70
10,246 83
10,324 47
130 08
6,391 24
11,754 11
Total disbursements,
,049,735 91
Balance,
.,036,722 56
1876.]
INSURANCE COMPANIES.
13
Invested in the following : —
Assets as per Ledger Accounts.
Cost value of real estate, 1291,760 20
Loans on mortgage of real estate (first liens), . . . 3,895,632 24
Loans on collateral security (schedule A), . 219,4.98 51
Premium notes or loans on policies in force, .... 894,548 25
Cost value of stocks and bonds owned (schedule B), . . 631,612 88
Cash in company's office, ....... 67,519 92
Cash deposited in bank, 28,370 92
Bills receivable, ...„..„.. 7,779 64
Ledger assets (as per balance), .... $6,036,72256
Deduct depreciation from cost of assets, .... 16,390 38
Total net or ledger assets, ..... $6,020,332 18
Other Assets.
Interest due and accrued, ...
Rents due and accrued, ....
Uncollected premiums on policies in force,
Deferred premiums on policies in force,
Total, ......
Deduct loading (16 per cent,),
Net amount of uncollected and deferred prem 1
Furniture and fixtures, ....
Cash in hands of agents,
Total assets per company's books, .
178,428 29
118,109 98
1196,538 27
31,446 13
244,899 62
1,600 00
165,092 14
6,647 45
10,042 10
5,448,613 49
Items not Admitted.
Furniture and fixtures, .
Cash in hands of agents, .
Bills receivable,
Total,
Total admitted assets,
16,647 45
10,042 10
7,779 64
24,469 19
1,424,144 30
Liabilities.
Computed premium reserve or net present
value of all outstanding policies (Actuaries 1
4 per cent.), , $5,572,411 00
Deduct net value of re-insured risks, . . 28,326 00
Net re-insurance reserve, . . . .
Death losses and matured endowments in
process of adjustment, . ..... f 109,300 00
Claims resisted by the company, . . . 64,200 00
Total policy claims, ..... -
•$5,544,085 00
173,500 00
14
MASSACHUSETTS LIFE
[Dec. 31,
Unpaid dividends of surplus due policy-holders, .
All other liabilities : premiums paid in advance, .
Liabilities as to policy-holders,
Surplus as regards policy-holders, .
Gross liabilities, •
$21,239 58
1,721 15
),740,545 73
683,598 57
>,424,144 30
Premium Note Account.
Premium notes on hand, December 31, 1875, .
" " or loans received during 1876,
Total,
Used in payment of losses and claims, .
of surrendered policies and
voided by lapse,
of dividends to policy-hold-
ers, .....
Redeemed by maker in cash, ....
Total,
,118 06
199,984 14
1
$22,509 41
126,148 42
138,321 39
4,981 63
-$1,189,102 20
Balance note assets, December 31, 1876, .
- 291,960 85
. $897,141 35
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 9,609 $24,909,582 00
Endowment policies, 2,811 5,103,347 00
All other policies,
New Policies issued in 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
Old Policies Revived during the year.
Whole-life policies, .
Endowment policies,
Total number and amount,
324
5,016,145 00
994
2,997,248 00
232
427,115 00
76
200,100 00
tr.
2
2,500 00
1
2,000 00
.16,049 $38,658,037 00
Policies ceased to be in force during the year.
Terminated by death,
by maturity,
by expiry, .
by surrender,
by lapse,
by change and decrease,
Not taken, . .
Total terminated,
. 137
$342,595 00
49
78,741 00
. 569
1,435,000 00
. 255
666,477 00
. 422
1,752,900 00
.
126,636 00
. ■ . .159
452,225 00
. 1,591
$4,854,574 00
1876.]
INSURANCE COMPANIES.
15
Policies in force December 31, 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
9,148
2,635
2,675
$22,895,575 00
4,608,343 00
6,299,545 00
Totals, 14,458 $33,803,463 00
Schedule A.
Securities held as Collateral.
150 sh
ares Riverside Paper Co.,
19 " Springfield Gas Light Co., .
15 " Union Paper Manufacturing Co.,
30 " Cocheco Natl Bank, Dover, N. H
425 " Hampden Paint and Chemical Co
United States bond, ....
150 shares Union Paper Manufacturing Co.,
25 " Pynchon Nat'l Bank,
20 " Union Paper Manufacturing Co.,
50 " Worthy Paper Co.,
20 " iEtna Fire Insurance Co.,
14 " N. Y., N. H. and Hartford R. R.,
45 Chicago and Illinois River R. R. bonds,
Assignment of judgment,
28 shares Farmers & Mechanics 1 Nat'l Bank
13 " Pynchon Nat'l Bank, .
5 " John Hancock Nat'l Bank, .
8 " Leicester Nat'l Bank, .
14 " First Nat'l Bank, .
40 " N. Y„ N. H. and Hartford R. R.,
8 Council Bluffs and St. Jo. R. R. bonds,
5 St. Jo. and Council Bluffs R. R. bonds,
1 Pettis County, Mo., bonds,
10 shares Massasoit Paper Co., .
100 " Cocheco Nat'l Bank, .
455 " Union Paper Manufacturing Co.,
150 "
31 Missouri Valley R. R. bonds, .
66 " " "
Schedule B.
Market value.
$22,500 00
2,850 00
1,875 00
3,360 00
10,625 00
585 00
18,750 00
4,125 00
2,500 00
5,500 00
5,000 00
2,114 00
22,500 0(n
15,000 00 /
3,640 00
2,145 00 >|
650 00 I
1,200 00 J
1,960 00
6,040 00
7,600 00
3,500 00
1,000 00
1,250 00
11,200 00
56,875 00
' 18,750 00
18,600 00
39,600 00
}
Amount loaned.
$15,000 00
1,900 00
1,500 00
3,000 00
7,000 00
500 00
10,000 00
1,400 00
5,000 00
3,400 00
30,000 00
1,500 00
5,000 00
1,000 00
5,000 00
10,000 00
798 51
1,000 00
10,000 00
40,000 00
32,500 00
34,000 00
$291,294 00 $219,498 51
Stocks and Bonds owned by the Company.
Cost value. Market value.
United States bonds, $207,204 45 $233,280 00
Springfield city bonds, 2,942 00 3,135 00
New York State Bounty bonds, . . . 73,525 00 73,150 00
16
MASSACHUSETTS LIFE
[Dec. 31,
685 shares Boston and Albany R. R.,
99 " N. Y., N. H. and Hartford R. R.,
100 " N. Y. Cent, and H. R. R. R., .
St. Jo. and Denver City R. R. bonds,
Ind 1 polis, Bloom'gton and West. R. R. bonds
Council Bluffs and St. Jo. R. R. bonds, .
Burling'n, Cedar Rap. and Minn. R. R. bonds
Kansas Pacific R. R. bonds, .
Kansas Pacific coupon certificates, .
St. Louis, Alton and Terre Haute R. R. bonds
Buffalo, N. Y. and Erie R. R, bonds,
5 shares Agawam Nat'l Bank, Springfield
20 " Pynchon Nat'l Bank,
100 " First Nat'l Bank,
81 " Second Nat'l Bank,
35 " Chicopee Nat'l Bank,
10 " John Hancock Nat'l Bank, "
24 " First Nat'l Bank, Chicopee, .
34 " First Nat'l Bank, Northampton,
15 " Eliot Nat'l Bank, Boston,
25 " Webster Nat'l Bank, Boston,
15 " Merchants' Nat'l Bank, Boston,
47 " Nat'l Bank of Commerce, Boston
50 " Metropolitan Nat'l Bank, N. l r ork
,693 88
15,149 50
9,775 00
19,627 13
36,512 36
45,029 25
10,050 00
25,878 49
4,095 00
30,026 25
5,748 75
515 00
1,975 00
10,750 00
9,930 00
5,120 00
1,220 00
2,586 00
3,455 50
1,522 50
2,625 00
1,844 57
4,862 25
6,950 00
187,680 00
14,949 00
10,100 00
4,000 00
12,000 00
50,350 00
4,420 00
13,000 00
2,047 50
34,650 00
6,000 00
675 00
3,300 00
14,000 00
14,580 00
5,775 00
1,300 00
3,960 00
4,760 00
1,650 00
2,550 00
2,100 00
5,311 00
6,500 00
1,612 88 $615,222 50
NEW ENGLAND MUTUAL LIFE INSURANCE COMPANY,
BOSTON.
[Incorporated April 1, 1835. Commenced business December 1, 1843.]
Benjamin F. Stevens, President. Secretary, Joseph M. Gibbens.
Actuary, Walter C. Wright.
'Principal Office, Boston.
Income.
Total premium income, . . . . . . . $1,996,286 84
Cash received for interest on stocks, bonds and loans, . 719,631 94
for interest on other debts due the company, 38,250 27
for rents of company's property, . . . 46,649 26
Total income, ...
Net or ledger assets, December 31, 1875,
. |2,800,818 31
. 13,469,390 92
Total,
,270,209 23
1876.]
INSURANCE COMPANIES.
17
Disbursements.
Cash paid for losses and additions,
Premium notes or loans used in payment of same,
Cash paid for matured endowments and additions,
Premium notes or loans used in payment of same^ , .
Gross amount paid for losses and endowments, .
Cash paid for surrendered policies,
Premium notes or loans used in purchase of surrendered
policies and voided by lapse,
Cash distributions paid policy-holders, applied in payment
of premiums, . .
Premium notes or loans used in payment of distributions, .
Total paid policy-holders, . * . . $2,159,460 87
Cash paid for commissions to agents, .
for medical examiners 1 fees,
for salaries of officers and office employes,
for taxes and fees, ....
for advertising, '
for office and incidental expenses,
for accrued interest on investments, .
$768,906 19
37,555 81
214,213 75
66,013 25
1,086,689 00
332,449 90
270,280 45
332,489 59
137,551 93
Total disbursements,
Balance,
,559 07
11,215 58
60,501 13
17,141 31
11,810 52
92,422 51
60,674 69
$2,507,785 68
$13,762,423 55
Invested in the following: —
Assets as per Ledger Accounts
Cost value of real estate,
Loans on mortgages of real estate (first liens), .
Loans on collateral security (schedule A), .
Loans on company's policies assigned as collateral,
Premium notes or loans on policies in force,
Cost value of stocks and bonds owned (schedule B),
Cash deposited in bank,
Quarter and semi-annual premium notes,
Agents 1 ledger balances,
Ledger assets (as per balance),
Other Assets
Interest due and accrued,
Rents due and accrued, ....
Market value of stocks and bonds over cost
Deferred premiums on policies in force,
Deduct loading (10 per cent.),
Net am't of uncollected and deferred prem's,
£1,361,156 38
2,491,716 67
383,221 62
9,988 50
1,823,940 53
7,284,054 88
182,127 49
223,816 84
2,390 64
$13,762,423 55
$233,559 80
10,223 72
340,700 80
$187,659 53
18,765 00
Total assets per company's books,
168,894 53
$14,515,802 40
18 MASSACHUSETTS LIFE [Dec. 31,
Items not Admitted.
Agents' balances, . $2,390 64
Total admitted assets, $14,513,411 76
Liabilities.
Computed premium reserve or net present value of all out-
standing policies (Actuaries 1 4 per cent.), . . $12,507,883 00
Death losses unpaid, $168,369 00
Matured endowments unpaid, . . . 16,866 00
Total policy claims, .... 185,235 00
Unpaid distributions of surplus due policy-holders, . . 137,011 68
All other liabilities: premiums paid in advance, . . . 579 11
Liabilities as to policy-holders, . . . . $12,830,708 79
Surplus as regards policy-holders, . . . . 1,682,702 97
Gross liabilities, $14,513,411 76
Premium Note Account.
Premium notes on hand, Dec. 31, 1875, . $2,388,459 09
Premium notes or loans received during 1876, 569,923 01
Total, . $2,958,382 10
Used in payment of losses and claims, . $103,569 06
of surrendered policies and
voided by lapse, . . 270,280 45
of dividends to policy-hold-
ers, .... 137,551 93
Redeemed by maker in cash, . . . 399,193 29
Total, . . 910,594 73
Balance note assets, December 31, 1876, . . . $2,047,787 37
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 14,864 $45,385,710 00
Endowment policies, 3,583 9,216,114 00
All other policies, . 2,321 5,899,323 00
Reversionary additions, ........ 79,892 00
New Policies Issued in 1876.
Whole-life policies, 1,357 4,113,788 00
Endowment policies, 211 445,332 00
All other policies, 850 2,785,627 00
1876.]
INSURANCE COMPANIES.
19
Old Policies Revived during the year.
Whole-life policies, . 52
Endowment policies, 20
Additions by dividends,
Total number and amount,
. 23,258
$147,454 00
52,600 00
11,655 00
,137,495 00
Policies ceased to be in force during the year.
Terminated by death, ... . 261
by maturity, .
by expiry, .
by surrender,
by lapse,
by change and decrease,
Not taken,
116
5
453
1,961
250
Total terminated,
3,046
Policies in force December 31, 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
Reversionary additions, .
Totals, .
. 13,963
. 3,117
. 3,132
$852,731 00
280,227 00
22,000 00
1,441,166 00
5,809,050 00
29,000 00
762,995,00
1,197,169 00
142,368,910 00
7,953,461 00
8,531,750 00
86,205 00
.20,212 $58,940,326 00
Bank stock,
Railroad stock, ....
Railroad bonds, ....
City and town loan and U. S. bonds,
Manufacturing stocks,
Schedule A.
Securities held as Collateral.
Market value.
$53,463 00
113,500 00
92,660 00
733 00
. 216,558 00
Philadelphia renewals,
20,000 00
Amount loaned.
$46,200 00
85,000 00
79,221 62
600 00
167,200 00
5,000 00
$496,914 00 $383,221 62
Schedule B.
Stocks and Bonds owned by the
72 shares Atlantic Nat'l Bank,
100 " Bay State Natl Bank, .
333 " Boston Nat'l Bank,
100 " Continental Nat'l Bank,
50 " First Nat'l Bank of Cambridge,
21 " Massachusetts Nat'l Bank, .
91 " Merchants' Nat'l Bank, .
160 " Nat'l City Bank of Lynn, /^&\
Company.
Cost value.
$7,101 00
7,500 00
33,300 00
10,000 00
5,000 00
5,250 00
9,100 00
16,000 00
Market value.
$9,288 00
7,650 00
39,960 00
10,700 00
9,000 00
6,352 50
12,740 00
20,800 00
20
MASSACHUSETTS LIFE
[Dec. 31
240 shares Nat'l Eagle Bank, .
150 " Nat'l Hide and Leather Bank,
200 " Nat'l Revere Bank,
120 " State Nat'l Bank, .
320 " Tremont Nat'l Bank, .
200 " Nat'l Webster Bank,
250 " Boston S. D. and Trust Co., .
250 " Merchandise Nat'l Bank,
744 " Boston and Albany R. R. Co.,
300 " Boston and Providence R. R. Co
800 " Chicago, Bur. and QuincyR.R. Co
800 " Conn, and Passumpsic R. R. Co
300 " Eastern R. R. Co., .
300 " Phila., Wil. and Balti. R. R. Co.,
120 " Fitchburg R. R. Co.,
150 " N. Y. and New Haven R. R. Co.,
850 " Norwich and Worcester R. R. Co
100 " Northern R. R. Co.,
200 •' Conn. River R. R. Co., .
220 " Chicago and Alton R. R. Co.,
400 " Portsmouth, Gt. F. and C. R. R. Co.
200 " P., Saco and P. R. R. Co., .
105 " Eastern R. R. of N. H., .
Eastern R. R. Co. bonds,
Phila., Wil. and Balti. R R. bonds,
Agricultural Branch R. 11. bonds, .
Michigan Central R. R. bonds,
Boston and Lowell R. R. bonds,
Boston, Concord and Montreal R. R. bonds,
Chicago, Bur. and Quincy R. R. bonds, .
Worcester and Nashua R. R. bonds, *
New Haven and Derby R. R. bonds, . •
Nashua and Rochester R. R. bonds,
Albany city loan,
Boston city loan,
Charlestown water loan
Chicago sewerage loan,
Connecticut State loan,
Hartford city loan, .
Chelsea city loan, .
Lawrence city loan,
Lynn water loan,
Dorchester city loan,
Nashua city loan, .
Massachusetts State loan
Portland city loan, .
Roxbury city loan, .
Rhode Island State loan,
Cincinnati city loan,
$24,000 00
15,000 00
20,000 00
10,273 10
31,951 25
20,000 00
25,000 00
25,000 00
74,400 00
29,950 00
80,000 00
69,363 25
30,000 00
15,000 00
11,752 00
15,000 00
84,925 25
10,000 00
20,000 00
22,000 00
40,000 00
20,000 00
10,475 00
237,548 34
75,871 67
14,895 00
73,000 00
9,926 66
598,230 00
120,000 00
75,000 00
14,250 00
116,191 66
23,256 00
387,736 12
72,716 67
70,350 00
6,000 00
100,000 00
231,504 17
186,210 83
1,000 00
98,000 00
15,000 00
124,172 35
7,000 00
4,000 00
60,000 00
95,000 00
127,120 00
16,237 50
21,900 00
13,440 00
35,520 00
20,350 00
25,000 00
26,250 00
95,232 00
89,300 00
93,400 00
30,400 00
1,725 00
18,450 00
12,960 00
22,500 00
106,675 00
6,400 00
26,000 00
22,000 00
1,800 00
9,000 00
3,255 00
137,120 68
83,200 00
15,300 00
58,400 00
10,000 00
597,550 00
131,400 00
75,000 00
15,750 00
106,250 00
28,600 00
416,115 00
75,000 00
80,625 00
6,600 00
108,000 00
253,590 00
201,160 00
1,070 00
100,940 00
15,000 00
147,705 00
7,210 00
' 4,000 00
66,000 00
102,200 00
1876.]
INSURANCE COMPANIES.
21.
Beverly town loan, .
Worcester water loan,
Loan to Eastern R. R.,
Lowell city loan,
Erookline town loan,
Worcester city loan,
Somerville city loan,
Barre town loan,
Fitch burg city loan,
Springfield city loan,
Providence city loan, ,
Loan to Providence and Worcester R. R
Norwich city loan, .
Meriden town loan,
Fall River city loan,
Cambridge city loan,
Maine State loan, .
Holyoke city loan, .
Newton city loan, .
Haverhill city loan,
New York city loan,
Mercantile Trust Co. loan,
New England Mortgage Security Co- loan,
New Bedford city loan, .
Salem city loan,
55 shares Boston Gas Light Co.,
5 " Dwight Manufacturing Co.,
5 " Massachusetts Cotton Mills,
United States bonds,
1290,000 00
110,000 00
9,758 00
56,533 33
475,100 00
495,000 00
70,000 00
50,220 00
125,485 17
126,000 00
146,403 06
100,000 00
50,000 00
100,000 00
203,000 00
2,000 00
17,500 00
5,000 00
60,000 00
5,000 00
300,000 00
50,000 00
100,000 00
10,000 00
10,000 00
27,500 00
5,000 00
5,000 00
665,335 00
$309,100 00
118,800 00
5,200 00
61,275 00
498,855 00
540,000 00
72,800 00
55,620 00
134,620 00
146,160 00
169,560 00
105,000 00
55,000 00
'110,000 00
213,150 00
2,040 00
19,425 00
5,250 00
66,000 00
5,300 00
324,000 00
51,000 00
105,000 00
10,250 00
10,900 00
44,412 50
1,750 00
5,200 00
743,877 50
',284,034 88 $7,624,735 68
STATE MUTUAL LTFE ASSURANCE COMPANY, WORCESTER.
[Incorporated March 16, 1844. Commenced business June 1, 1845.]
Isaac Davis, President. Secretary, Clarendon Harris.
Emory Washburn, ^
Charles L. Putnam, ) ^-Presidents. Actuary, William E. Starr.
Principal Office, Worcester.
Income.
Total premium income, . $287,103 10
Cash received for interest on stocks, bonds and loans, . 111,118 57
Total income, .......... $398,221 67
Net or ledger assets, December 31, 1875, .... 1,843,48005
Total $2,241,701 72
22
MASSACHUSETTS LIFE
[Dec. 31,
Disbursements.
Cash paid for losses and additions, ....
for matured endowments and additions,
Gross amount paid for losses and endowments, .
Cash paid for allocated dividends, surrendered, .
for surrendered policies, ....
Cash dividends paid policy-holders, applied in payment of
premiums, .
Total paid policy-holders, . . . $196,660 18
Cash paid for commissions to agents, . . . • .
for salaries and travelling expenses of agents,
for medical examiners 1 fees,
for salaries of officers and office expenses, .
for taxes and fees,
for rent, . . . . ...
Total disbursements, ......
Balance,
$83,900 00
10,770 00
,670 00
4,554 85
24,548 26
72,887 07
21,337 01
2,010 91
1,180 00
18,727 91
1,298 56
2,000 00
$243,214 57
1,998,487 15
Invested in the following : —
Assets as pe,r Ledger Accounts
Cash value of real estate,
Loans on mortgage of real estate (first liens), .
on collateral security (schedule A), .
Premium notes or loans on policies in force,
Cost value of stocks and bonds owned (schedule B),
Cash deposited in bank,
Agents 1 ledger balances, ...
Ledger assets (as per balance)
Other Assets.
Interest due and accrued,
Market value of stocks and bonds over cost,
Total assets per company^ books,
Items not Admitted.
Agents 1 balances,
Total admitted assets,
Liabilities.
Computed premium reserve or net present value of all out-
standing policies (Actuaries 1 4 per cent.) ,
Death losses and matured endowments in
process of adjustment, .... $7,000 00
$50,000 00
159,359 00
1,900 00
23,010 51
1,470,336 08
293,444 37
437 19
^1,998,487 15
12,350 00
71,193 67
$2,082,030 82
437 19
$2,081,593 63
1,743,632 00
1876.] INSURANCE COMPANIES. 23
Claims resisted by the company, . . . $10,000 00
Total policy claims, .... $17,000 00
Unpaid dividends of surplus due policy-holders, . . . 3,062 02
Liabilities as to policy-holders, $1,763,694 02
Surplus as regards policy-holders, .... 317,899 61
Gross liabilities, . * . $2,081,593 63
Premium Note Account.
Premium notes on hand, December 31, 1875, $25,449 04
" " or loans received during 1876,
Total,
Used in payment of surrendered policies and
voided by lapse,
Redeemed by maker in cash,
Total,
Balance note assets, December 31, 1876,
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 3,728 $7,883,697 00
Endowment policies, 1,005 1,975,124 00
All other policies, 12 15,500 00
New Policies Issued in 1876.
Whole-life policies, 244 736,500 00
Endowment policies, 51 135,000 00
43,688 30
$69,137 34
46,126 83
$1,729 52
44,397 31
% f
$23,010 51
Total number and amount, . . . . 5,040 $10,745,821 00
Policies ceased to be in force during the year.
Terminated by death,
by maturity,
by expiry, .
by surrender,
by lapse,
Total terminated,
Policies in force December 31, 1876.
Whole-life policies, 3,860 $8,400,297 00
Endowment policies, 959 1,897,974 00
All other policies, 7 10,000 00
45
$79,400 00
6
11,150 00
5
5,500 00
95
226,000 00
63
115,500 00
. 214
$437,550 00
Totals, 4,826 $10,308,271 00
24
MASSACHUSETTS LIFE
[Dec. 31,
Schedule A.
Securities held as Collateral.
Quinsigamond Bank stock,
Market value.
$2,280 00
Loaned thereon.
$1,900 00
Schedule B.
Stocks and Bonds owned by
United States bonds,
Springfield city bonds,
Meriden city bonds,
Lowell city bonds, .
Worcester city bonds,
Portland city bonds,
Newton city bonds, .
Northampton city bonds,
Newburyport city bonds,
Lynn city bonds,
Lawrence city bonds,
Cambridge city bonds, .
Bangor city bonds, .
Providence city bonds, .
Medway town bonds,
Upton town bonds, .
Williamstown town bonds,
Dudley town bonds,
Winthrop town bonds;
West Springfield town bonds,
Amesbury town bonds,
Brookline town bonds,
Boston & Albany R. R. bonds,
Worcester Su Nashua R. R. bonds,
Providence & Worcester R. R. bonds,
50 shares Westminster Nat'l Bank,
100
20
35
25
40
187
80
50
50
79
50
90
75
100
Third Nat'l Bank, .
Northborough Nat'l Bank,
Worcester Nat'l Bank, .
Central Nat'l Bank,
City Nat'l Bank, .
Quinsigamond Nat'l Bank,
Millbury Nat'l Bank,' .
Leicester Nat'l Bank,
Wachusett Nat'l Bank, .
Grafton Nat'l Bank,
Webster Nat'l Bank, .
Revere Nat'l Bank,
Republic Nat'l Bank, .
Tremont Nat'l Bank,
the Company.
Cost value.
$322,348 59
128,445 00
42,785 00
10,500 00
53,000 00
28,841 49
26,750 00
23,500 00
' 6,300 00
35,500 00
75,000 00
14,642 50
26,375 00
25,250 00
10,350 00
14,160 00
11,337 50
10,150 00
10,200 00
12,625 00
10,400 00
35,000 00
103,000 00
1^1,500 00
125,000 00
5,000 00
10,000 00
2,000 00
4,900 00
2,500 00
4,000 00
18,790 00
8,000 00
5,525 00
5,000 00
7,900 00
5,275 00
9,061 25
7,562 50
13,300 00
Market value.
,215 50
134,975 00
43,260 00
10,475 00
54,207 50
30,675 00
26,750 00
25,750 00
6,300 00
35,475 00
73,150 00
15,750 00
25,500 00
25,250 00
10,350 00
14,160 00
11,337 50
10,150 00
10,250 00
12,625 00
11,300 00
35,000 00
103,000 00
101,500 00
125,000 00
5,000 00
16,500 00
2,700 00
. 4,375 00
3,350 00
■ 5,120 00
19,074 00
9,520 00
5,950 00
5,000 00
9,322 00
5,087 50
9,855 00
9,881 25
11,100 00
1876.]
INSURANCE COMPANIES.
25
25 sha
,res Suffolk Nat 1 ! Bank,
$3,350 00
$3,025 00
100 '
' Continental Nat'l Bank,
10,012 50
10,700 00
112 '
' Hide and Leather Nat'l Bank,
11,575 00
12,124 00
167 '
' Howard Nat'l Bank,
17,115 50
18,950 00
195 '
' Atlantic Nat'l Bank,
24,723 75
25,155 00
115 '
' Mutual Redemption Nat'l Bank,
15,985 00
16,675 00
67 '
' Shawmut Nat'l Bank, .
6,725 00
8,040 00
50 '
' First Nat'l Bank, .
5,000 00
10,000 00
40 «
' Eliot Nat'l Bank, .
4,075 50
4,420 00
$1,470,336 08 $1,541,329 25
LIFE INSURANCE COMPANIES
OF OTHEE STATES.
Detailed Statements of Assets and Liabilities, with Abstract
of Annual Statements, for the Year ending-
December 31, 1876.
28
LIFE INSURANCE COMPANIES [Dec. 31
DETAILED STATEMENTS OF ASSETS AND LIABILITIES,
iETNA LIFE INSURANCE COMPANY, HARTFORD, CONN,
[Incorporated 1820. Commenced business 1850.]
Paid-up Capital, $150,000.
T. O. Enders, President. Secretary, J. L. English.
Austin Dunham, Vice-President. Actuary, H. W. St. John.
Principal Office, 228 Main Street.
Attorney to accept service, Dwight Chester, Boston.
Income.
Total premium income, .....'.. $3,588,758 24
Cash received for interest on stocks, bonds and loans, . -1,367,914 38
for interest on other debts due the company, 50,372 54
as discount on claims paid in advance,. . 5,051 55
for profits on bonds, stocks or gold sold, . 9,409 39
Total income, ........
Net or ledger assets, December 31, 1875,
Total, . ...
Disbursements.
Cash paid for losses and additions, ....
Premium notes or loans used in payment of same,
Cash paid for matured endowments and additions,
Premium notes or loans used in payment of same,
Gross amount paid for losses and endowments, .
Received for losses and claims on policies re-insured, .
Net amount paid for losses and endowments,
Cash paid for surrendered policies, ....
Premium notes or loans used in purchase of surrendered
policies and voided by lapse,
Cash dividends paid policy-holders, ....
Premium notes or loans used in payment of dividends,
. $5,021,506 10
.. 21,072,087 76
$26,093,593 86
$1,139,974 44
87,263 18
337,386 88
69,676 12
$1,634,300 62
13,876 62
$1,620,424 00
783,313 31
323,108 61
239,506 63
387,283 28
Total paid policy-holders,
(,353,635 83
1876.]
OF OTHER STATES.
29
Cash paid for dividends to stockholders,
for commissions to agents, ....
for salaries and travelling expenses of agents,
for medical examiners 1 fees,
for salaries of officers and office employes, .
for taxes and fees, .....
for rent, .
for furniture and office fixtures, .
for advertising,
for office and incidental expenses,
Total disbursements,
Balance,
Invested in the following : —
Assets as per Ledger Accounts.
Cost value of real estate, ....
Loans on mortgage of real estate (first liens),
Loans on collateral security (schedule A), .
Premium notes or loans on policies in force,
Cost value of stocks and bonds owned (schedule B),
Cash in company's office,
Cash deposited in bank,
Bills receivable, secured,
" " not secured,
Agents' ledger balances,
Ledger assets (as 'per balance) ,
Other Assets.
Interest due and accrued,
Market value of stocks and bonds, over cost,
Re insurance due from other companies,
Uncollected premiums on policies in force, .
Deferred premiums on policies in force,
Total,
Deduct loading (25 per cent.),
Net am't of uncollected and deferred prem's,
$45,000 00
263,407 62
8,871 89
16,143 98
65,850 59
115,037 63
9,065 43
551 49
3,358 49
' 29,259 77
$3,910,182 72
522 183,411 14
.
$184,690
48
.
9,743,607
04
.
208,031
62
.
3,764,626
02
>B),
. 7,102,086
18,046
1,032,787
33,489
51,371
44,674
70
70
05
40
86
27
•
$22,183,411 14
. $686,106 28
.
228,428
33
.
25,000
00
$99,714
50
134,9
88
7(
)
$234,703
67,048
20
02
Total assets per company's books,
Items not Admitted.
Agents' balances,
Bills receivable,
Total,
» Total admitted assets, * .
167,655 18
$23,290,600 93
$44,674 27
51,371 86
no (\ad i o
t/UjVtru xu
, ,
$23,194,554 80
30 LIFE INSURANCE COMPANIES [Dec. 31,
Liabilities.
Computed premium reserve or net present
value of all outstanding policies (Actua-
ries 1 4 per cent.) $20,305,030 00
Deduct net value of re-insured risks, . . 105,805 00
Net reinsurance reserve, . . . $20,199,225 00
Death losses due and unpaid, . . . $28,722 00
Matured endowments due and unpaid, . . 5,360 00
Death losses and matured endowments in
process of adjustment, .... 280,173 00
Claims resisted by the company, . . . 86,380 55
Total policy claims, .... ■ 400,635 55
Unpaid dividends of surplus due policy-holders, . . . 102,658 86
All other liabilities : bills payable, 17,304 67
Liabilities as to policy-holders, .... $20,719,824 08
Surplus as regards policy-holders, . . . . 2,474,730 72
Gross liabilities, $23,194,554 80
Premium Note Account.
Premium notes on hand, Dec. 31, 1875, . $4,217,607 30
Premium notes or loans received during 1876, 421,190 53
Total, $4,638,797 83
Used in payment of losses and claims, . $156,939 30
of surrendered policies and
voided by lapse, . . 323,108 61
of dividends to policy-hold-
ers 387,283 28
Redeemed by maker in cash, . . . 6,840 62
Total, 874,171 81
Balance note assets, December 31, 1876, . ; . $3,764,626 02
Exhibit of Policies. *
Policies mid Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 34,495 $62,877,363 00
Endowment policies, . . . . . . 19,853 22,390,846 00
All other policies, 2,395 6,185,801 00
New Policies Issued in 1876.
Whole-life policies., 3,678 5,575,975 00
Endowment policies, 1,420 1,410,906 00
All other policies, * 1,014 2,414,379 00
1876.]
OF OTHER STATES.
31
Old Folicies Revived during the year.
Whole-life policies, 16
Endowment policies, . . . . . . 9
All other policies, 11
,135 00
37,268 00
35,600 00
Total number and amount,
. 62,891 $101,011,273 00
Policies ceased to be in force during the year.
Terminated by death, 638
by maturity,
by expiry, .
by surrender,
by lapse,
Not taken,
369
10
2,684
1,272
931
$1,276,704 00
408,682 00
42,750 00
4,953,216 00
5,423,147 00
1,521,220 00
Total terminated, . . . . . . 5,904 $13,625,719 00
Policies in force December 31, 1876.
Whole-life policies, • . 35,804
Endowment policies, 18,560
All other policies, ■ . . 2,623
Totals, 56,987
$59,877,131 00
20,778,070 00
6,730,353 00
17,385,554 00
Schedule A.
Securities held as Collateral.
50 shares Hartford Carpet Co., .
1200 " Willimantic Linen Co.,
76 " ^tna Fire Ins. Co., .
85 " Union Salt Co., .
Keithsburgh township bond, .
Dayton town bond, .
Mt. Pulaski township bond, .
100 shares Willimantic Linen Co.,
13
100
125
50'
8
24
168
520
40
150
425
United States Trust Co.,
Hartford City Coal and Salt
United States Trust Co.,
American Screw Co., .
Agawam Canal Co., .
iEtna Fire Ins. Co.,
Wheeler <fc Wilson Manuf.
iEtna Fire Ins. Co.,
United States Trust Co.,
Willimantic Linen Co.,
Mortgages assigned,
Co.
Co.,
Market value.
Imount loaned.
$10,500 00 >|
79,200 00 I
$62,148 59
17,860 00 J
42,500 00
25,000 00
1,500 00 >>
1,000 00 I
2,680 00
1,000 00 J
6,600 00 >|
1,235 00 '
2,500 00 i
11,875 00 J
17,300 00
4,750 00
4,000 00
3,040 00^
600 00/
366 97
39,480 00^1
65,000 00 /
56,068 75
9,400 00 \
14,250 00/
23,267 31
28,050 00
13,300 00
5,300 00
3,900 00
$345,640 00 $208,031 62
32
LIFE INSURANCE COMPANIES [Dec. 31,
Schedule B.
Stocks and Bonds owned by the Company.
Cost value. Market value.
235 shares Conn. River Banking Co., . . $17,545 00 $11,045 00
100 " Metropolitan Bank, N. Y., . . 13,437 50 13,000 00
918 " Phoenix Nat'l Bank, Hartford, . 124,285 50 146,880 00
400 " Mercantile Nat 1 ! Bank, Hartford, 42,885 25 50,000 00
560 " City Nat'l Bank, Hartford, . . 60,900 75 53,200 00
750 ". Hartford Nat'l Bank, Hartford, . 107,720 25 117,000 00
739 " First Nat'l Bank, Hartford, . . 92,060 66 76,856 00
1552 " Nat'l Exchange Bank, Hartford, . 93,729 80 100,880 00
1608 " American Nat'l Bank, Hartford, . 93,576 87 112,560 00
807 " Farmers and Mechanics' Bank, . . 102,451 25 102,489 00
200 " Suffield Nat'l Bank, . . . 21,800 00 23,400 00
250 " New Britain Nat'l Bank, . . 28,450 00 31,250 00
836 " Charter Oak Nat'l Bank, Hart'd, 97,572 25 110,352 00
700 " -Etna Nat'l Bank, Hartford, . 79,969 46 88,900 00
200 " Hartford Trust Co., . . . 20,825 00 18,400 00
50 " United States Trust Co., Hart'd, . 5,262 50 4,750 00
200 " Rockville Nat'l Bank, . . . 20,000 00 21,100 00
100 " Security Co., . > . . . 10,000 00 10,000 00
United States gov't bonds, . ' . . . 356,350 63 377,128 75
368 shares Conn. River R. R., 39,372 25 48,576 00
63 " .Etna Fire Ins. Co., . . . 17,136 68 14,805 00
955 " N. Y., N. H. and Hart. R. R., . 140,051 75 145,160 00
Indianapolis and Cin. R. R. bonds, . . . 47,380 00 42,500 00
Columbus and Indianapolis R. R. bonds, . 45,000 00 40,000 00
Cin. and Indiana R. R. bonds, . . . 20,675 00 20,880 00
Cleve., Paine, and Ashtabula R. R. bonds, . 25,67125 26,520 00
Dayton and Michigan R. R. bonds, . . 13,950 00 16,120 00
Little Miami R. R. bonds, . . . . • 890 00 910 00
New York Central R. R. bonds, . . . 3,810 00 4,160 00
Union Pacific R. R. bonds, . 30,690 00 31,800 00
Harlem and Pt. Chester R. R. bonds, . . 99,500 00 106,000 00
N. Y. Central and Hudson River R. R. bonds, 100,000 00 118,000 00
Keokuk and Des Moines Val. R. R. bonds, . 21,054 00 16,011 00
Indiana Central R. R. bonds, .... 9,225 00 9,000 00
Cleveland and Pittsburg R. R. bonds, . . 747 50 1.000 00
So. Minnesota R. R. bonds, .... 20,11000 12,06600
" , " .... 37,250 00 10,400 00
Atlantic Dock bonds, 23,750 00 25,500 00
Terre Haute city bonds, 61,400 00 67,000 00
Richmond city bonds, 20,500 00 25,000 00
"8s, .... 30,000 00 30,000 00
Edgar county bonds, 53,600 00 53,600 00
Paris township bonds, . . . . . 12,000 00 12,000 00
Mobile city bonds, . * . . . . 120,000 00 120,000 00
Georgetown township bonds, .... 30,000 00 30,000 00
Newman township bonds, .... 11,70000 11,70000
1876.]
OF OTHER STATES.
33
Camargo township bonds,
Garrett township bonds, .
Elwood township bonds,.
Hartford town 10-30 bonds,
Warren county bonds,
Hartford city (non-taxable) bonds,
Hartford town (non-taxable) bonds,
Hartford capitol (non-taxable) bonds,
Hartford funded debt bonds,
Cleveland city bonds,
Louisville city bonds,
Marion county court-house bonds,
Munroe county bonds,
Papineau township bonds,
Macon county bonds,
South Carolina bonds,
Ford county bonds, .
Brooklyn township bonds,
Adams county bonds,
Kansas city (Mo.) bonds,
Mt. Pulaski bonds, .
Town of Grant bonds,
Penn township bonds,
Moline town bonds,
New Britain city bonds, .
Christian county bonds, .
Cook county bonds,
Sangamon county bonds,
10s,
Virginia state bonds,
Chicago water loan bonds,
Springfield (111.) bonds, .
" " " 8s,
" " water bonds
Tennessee state bonds, .
Edgewood town bonds, .
West Hartford town bonds,
Rock Island town bonds,
Elizabeth city funded debt bonds,
" " street improvement bond
Grand Rapids city bonds,
Lenox town bonds, .
Green county bonds,
Hartford town bonds,
Peoria city bonds, .
Danbury town bonds,
Astoria town bonds,
Ottawa city bonds, .
Kankakee county bonds,
5
$14,625 00
12,675 00
32,000 00
21,000 00
930 00
68,950 00
10,975 00
87,740 00
211,620 00
233,230 00
89,750 00
99,500 00
35,000 00
6,000 00
46,475 00
26,545 00
58,000 00
46,750 00
37,937 50
90,500 00
30,000 00
20,453 22
18,525 00
19,750 00
130,689 00
18,800 00
22,750 00
23,500 00
15,750 00
20,986 00
50,000 00
6,995 00
42,240 00
37,970 00
31,301 00
8,850 00
15,000 00
41,125 00
124,572 50
40,007 50
34,581 83
8,400 00
18,200 00
18,710 00
100,200 00
18,050 00
4,500 00
10,000 00
24,687 50
$14,625 00
12,675 00
32,000 00
22,470 00
930 00
73,830 00
11,770 00
94,160 00
233,100 00
246,750 00
102,000 00
102,000 00
35,000 00
6,000 00
46,475 00
17,500 00
58,000 00
46,750 00
42,500 00
97,000 00
30,000 00
20,453 22
18,525 00
19,750 00
136,500 00
18,800 00
26,250 00
25,500 00
16,050 00
14,434 68
52,500 00
7,490 00
44,880 00
52,430 00
13,600 00
8,850 00
15,000 00
41,125 00
133,280 00
43,120 00
34,581 83
8,400 00
18,200 00
19,000 00
107,060 00
18,050 00
4,500 00
10,000 00
24,687 50
34
LIFE INSURANCE COMPANIES [Dec. 31,
Woodland town bonds,
Toledo city bonds, .
Browning town bonds,
Beardstown city bonds,
Bushnell town bonds,
Peoria city bonds, 10s,
Macoupin county bonds,
Mississippi state warrants,
Virginia town bonds,
Ricks township bonds,
Sangamon county bonds,
White county bonds,
Gallatin county bonds,
Areola town bonds, .
Moultrie county bonds,
Randolph county bonds,
Mattoon town bonds,
Winchester town bonds,
Urbana township bonds,
New Boston city bonds,
Middleport town bonds,
Belmont town bonds,
Galva town bonds, .
Milford township bonds,
Keithsburgh town bonds,
De Witt township bonds,
De Witt county bonds, .
Ross town bonds, .
Aurora town bonds,
Evans town bonds, .
Wabash county bonds, .
Cleveland city funded debt bonds,
Jersey city bonds, .
Newark city bonds, .
Buffalo city water bonds,
Morgan county bonds, .
Pes Moines city bonds, .
Fort Wayne city bonds, .
Indianapolis city bonds, .
Quincy city bonds, .
Milwaukee city water bonds,
Cincinnati city bonds,
Hudson county bonds,
N. Y. consolidated stock,
Hartford city bonds,
Hartford county bonds, .
Logansport bonds, .
St. Paul city bonds, .
Iroquois county bonds, .
$4,500 00
7,400 00
4,500 00
2,980 00
21,875 00
16,000 00
43,400 00
8,786 05
2,500 00
6,980 00
46,000 00
10,860 00
10,400 00
24,375 00
45,240 00
51,330 00
20,250 00
9,600 00
7,680 00
9,750 00
14,700 00
14,700 00
14,700 00
15,204 80
23,000 00
9,950 00
29,850 00
28,802 70
11,860 00
2,895 00
26,100 00
52,390 00
122,900 00
172,015 00
99,750 00
2,475 00
40,000 00
40,305 00
369,970 00
37,564 00
97,500 00
100,000 00
49,843 75
104,000 00
4,151 75
120,000 00
61,200 00
52,350 00
55,221 50
$4,500 00
8,000 00
4,500 00
3,500 00
21,875 00
16,160 00
12,900 00
8,786 05
2,500 00
6,980 00
50,000 00
10,860 00
10,400 00
24,375 00
45,240 00
51,330 00
20,250 00
9,600 00
7,680 00
9,750 00
14,700 00
14,700 00
14,700 00
15,204 80
23,000 00
9,950 00
29,850 00
28,802 70
11,860 00
2,895 00
26,100 00
54,600 00
140,400 00
187,920 00
105,000 00
2,475 00
40,800 00
40,305 00
380,000 00
37,564 00
105,000 00
105,000 00
52,000 00
112,000 00
4,080 00
120,000 00
61,200 00
52,350 00
55,221 50
1876.]
OF OTHER STATES.
35
East Windsor town bonds,
Ramsey county bonds, .
Marion county bonds,
Kansas state bonds,
Brooklyn township bonds,
Papineau coupons, .
$29,700 00
32,000 00
200,250 00
99,750 00
1,000 00
500 00
$29,700 00
32,000 00
204,000 00
100,000 00
1,000 00
500 00
$7,102,086 70 $7,330,515 03
^CHARTER OAK LIFE INSURANCE COMPANY, OF HARTFORD,
CONN.
[Incorporated May, 1850. Commenced business October, 1850.]
Paid-up Capital, $200,000.
E. R. Wiggin, President. Secretary, Halset Stevens.
S. H. White, Vice-President. Actuary, L. W. Meech.
Principal Office, Hartford.
Attorney to accept service, George B. Hilliard, Boston.
Income.
Total premium income,
Cash received for interest on stocks, bonds and loans,
for rents of company's property, .
. $2,530,924 45
680,678 33
42,982 30
Total income, $3,254,585 08
Net or ledger assets, December 31, 1875, . $13,357,548 63
Marked off during the year, .... 616,496 30
Balance net assets, 12,741,052 33
Total,
Disbursements. '
Cash paid for losses and additions,
for matured endowments and additions,
Gross amount paid for losses and endowments, .
Cash paid for surrendered policies,
Premium notes or loans used in purchase of surrendered
policies and voided by lapse,
Cash dividends paid policy-holders, $29,211.25; premium
notes or loans applied in paym't of dividends, $48,160,
Total paid policy-holders, . . . $2,215,892 64
Cash paid for commissions to agents,
for salaries and travelling expenses of agents, .
for medical examiners 1 fees, ....
for salaries of officers and office employes,
,995,637 41
$700,284 81
186,370 40
,655 21
958,025 88
293,840 30
77,371 25
294,770 39
20,450 70
7,125 50
103,245 04
* For later information in regard to this company, see text.
36
LIFE INSURANCE COMPANIES [Dec. 31,
Cash paid for taxes and fees, . . . .' $86,670 25
for rent, 15,000 00
for advertising, 19,357 88
for other items; viz., fire insurance, $2,391.93;
legal expenses, $32,820.26 ; office and inci-
dental expenses, $102,891.14, 138,103 33
Total disbursements,
Balance, .
Invested in the following : —
Assets as per Ledger Accounts
Cost value of re'al estate, ....
Loans on mortgage of real estate (first liens),
on collateral security (schedule A), .
Premium notes or loans on policies in force,
Cost value of stocks and bonds owned (schedule B)
Cash in company's office,
deposited in bank,
Bills receivable,
Agents' ledger balances,
Ledger assets (as per balance),
Deduct depreciation from cost of assets,
Total net or ledger assets,
. $2,900,615 73
$13,095,021 68
£4,155,180 54
5,331,670 41
304,239 43
2,849,615 40
242,470 00
15,475 64
105,326 18
69,351 26
11,692 82
$13,085,021 68
18,655 00
$13,066,366 68
Other Assets.
Interest due and accrued, ....
Kents due and accrued, ....
Market value of real estate, over cost,
Uncollected premiums on policies in force, .
Deduct loading (10 per cent.),
Net ain't of uncollected and deferred prem's,
Total assets per company's books,
265,211 21
26,384 00
173,600 00
$102 407 71
10,240 77
92,166 94
$13,623,728 83
Items not Admitted.
Agents' balances, $11,692 82
Bills receivable, .
Total admitted assets, .
69,351 26
81,044 08
,542,684 75
Liabilities.
Computed premium reserve or net present value of all out-
standing policies (Actuaries' 4 per cent.),. . . $13,187,97100
Death losses and matured endowments in
process of adjustment, .... $178,649 00
1876.]
OF OTHER STATES.
37
Claims resisted by the company, . . . $54,500 00
Total policy claims, .... —
All other liabilities : premiums paid in advance, . .
Liabilities as to policy-holders, ....
Surplus as regards policy-holders,
Gross liabilities,
- $233,149 00
30,534 79
$13,451,654 79
91,029 96
,542,684 75
Premium Note Account.
Premium notes on hand, Dec. 31, 1875, . $3,506,138 66
marked off during the year, 616,496 30
Balance,
Premium notes or loans received during 1876
Total,
Used in payment of surrendered policies and
voided by lapse, ....
Used in pay't of dividends to policy-holders
Redeemed by maker in cash,
Total,
Balance note assets, December 31, 1876,
$2,889,642 36
415,434 05
$293,840 30
48,160 00
113,460 71
1,305,076 41
455,461 01
. $2,849,615 40
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Nnmber. Amount.
Whole-life policies, 18,642 $46,509,810 00
Endowment policies, 5,562 9,241,386 00
All other policies, 2,277 3,045,131 00
New Policies Issued in 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
. 2,538
5,343,228 00
. 669
692,170 00
. 337
571,860 00
Old Policies Revived during the year.
Whole-life policies, 535 1,566,755 00
Endowment policies, 109 221,080 00
All other policies, 80 117,315 00
Total number and amount,
. 30,749 $67,308,735 00
Policies ceased to be in force during the year.
Terminated by death, . . . . . .321 $798,016 00
by maturity, 93 186,370 00
by surrender, 2,401 5,998,600 00
38
LIFE INSURANCE COMPANIES [Dec. 31
Terminated by lapse,
Not taken,
. 2,340
. 456
Total terminated,
56,666,357 00
1,165,335 00
. 5,611 $14,814,678 00
Policies in force December 31, 1876.
Whole-life policies, 18,010
Endowment policies, 5,094
All other policies, 2,034
$42,192,617 00
7,759,059 00
2,542,381 00
Totals, 25,138 $52,494,057 00
. Schedule A.
Securities held as Collateral.
Market value.
Merchants 1 Loan and Trust Co. stock, N. J.,
Hartford Gas Light Co. stock,
N. Y., N. H. and Hartford R. R. Co. stock,
Conn. Western R. R. mortgage bonds, .
Willimantic Linen Co. stock, .
Weed Sewing Machine Co. stock, .
Notes secured by mortgages,
Pratt Reed Manufacturing Co. stock,
New River W. P. and L. Co. stocks and b'ds
First mortgage real estate bonds, .
$10,000 00
3,600 00
5,400 00
17,600 00
56,200 00
4,800 00
50,470 69
3,850 00
800 00
15,000 00
32,000 00
10,000 00
50,000 00
10,000 00
71,000 00
Amount loaned.
$7,500 00
2,000 00
4,300 00
14,950 00
54,100 00
4,500 00
45,785 02
3,850 00
800 00
11,974 41
32,000 00
5,000 00
41,480 00
5,000 00
71,000 00
$340,720 69 $304,239 43
Schedule B.
Blocks and Bonds owned by the Company.
Cost value. Market value.
Washington county (Neb.) bonds, . . . $15,000 00 $15,000 00
Princeton (111.) city bonds 10,000 00 10,000 00
St. Charles (Mo.) Bridge Co. bonds, . . 20,000 00 20,000 00
Kansas city bonds, 10,000 00 10,000 00
Leavenworth city bonds, .... 1,000 00 1,000 00
Conn, and Western R. R. 1st mort. bonds, . 780 00 450 00
Des Moines City Gas Co. bonds, . . . 50,000 00 50,000 00
Merchants' Bank stock, St. Louis, . . . 1,750 00 1,750 00
Hartford Trust Co. stock, .... 14,00000 11,25000
Conn. River Banking Co. stock, . . . 6,500 00 4,700 00
Charter Oak Nat'l Bank stock, . . . 3,375 00 3,375 00
Hartford Nat'l Bank stock 4,200 00 3,875 00
1876.]
OF OTHER STATES.
39
City Nat'l Bank stock, ....
Conn. Trust and Safe Deposit Co. stock,
iEtna Natl Bank stock, ....
Phoenix Nat'l Bank stock,
American Nat'l Bank stock, .
U. S. Trust Co. stock, ....
Farmers and Mechanics' Nat'l Bank stock,
Security Company stock,
N. Y., N. H. and Hartford R. R. stock, .
Hartford City Gas Light Co. stock,
Atlas Fire Ins. Co. stock,
$2,750 00
4,500 00
3,325 00
4,100 00
56,250 00
5,000 00
2,625 00
10,000 00
7,500 00
4,815 00
5,000 00
$2,325 00
4,050 00
3,225 00
4,000 00
54,000 00
5,000 00
3,250 00
10,000 00
7,500 00
4,815 00
4,250 00
$242,470 00 $233,815 00
CONNECTICUT GENERAL LIFE INSURANCE COMPANY, HART-
FORD, CONN.
[Incorporated May, 1865. Commenced business October, 1865.]
Paid-up Capital, #250,000.
Thomas W. Russell, President. Secretary, Fred'k V. Hudson.
Principal Office, 7 Central Bow, Hartford.
Attorney to accept service, Alfred Laws, Brockton.
Income.
Total premium income, f 252,847 38
Cash received for interest on stocks, bonds and loans, . . 67,523 11
from all other sources, 5,032 40
Total income, $325,402 89
Net or ledger assets, December 31, 1875, . . . .1,201,887 89
Total, $1,527,290 78
Disbursements.
Cash paid for losses, $57,100 00
for matured endowments, 33,688 88
Gross amount paid for losses and endowments, . . $90,788 88
Cash paid for surrendered policies, 44,859 85
Premium notes or loans used in purchase of surrendered
policies and voided by lapse, 9,478 27
Cash dividends paid policy-holders, applied in payment of
premiums, 6,124 82
Premium notes or loans used in payment of dividends, . 7,185 87
Total paid policy-holders,
. $158,437 69
40
LIFE INSURANCE COMPANIES [Dec. 31,
Cash paid for dividends to stockholders,
for commission to agents, ....
for salaries and travelling expenses of agents,
for medical examiners' fees, ....
for salaries of officers and office employes, .
for taxes and fees,
for furniture, office and agency expenses,
Total disbursements,
Balance,
$20,000 00
14,545 57
15,393 25
2,364 50
13,737 37
4,314 28
22,590 62
. $251,383 28
$1,275,907 50
Invested in the following : —
Assets as per Ledger Accounts
Cost value of real estate,
Loans on mortgage of real estate (first liens),
on collateral security (schedule A), .
Premium notes or loans on policies in force, .
Cost value of stocks and bonds owned (schedule B),
Cash in company's office,
Cash deposited in bank,
Bills receivable,
Agents' ledger balances,
Ledger assets (as per balance),
Deduct depreciation from cost of assets,
Total net or ledger assets,
$206,466 88
568,503 60
24,265 95
141,866 71
285,844 16
463 67
42,840 79
5,542 28
113 46
11,275,907 50
52,869 36
f 1,223,038 14
Other Assets.
Interest due and accrued, ....
Market value of stocks and bonds over cost, ,
Uncollected premiums on policies in force, .
Deferred premiums on policies in force,
Total,
Deduct loading (20 per cent.),
Net ain't of uncollected and deferred prem's,
Total assets per company's books, .
. $17,876 17
11,249 59
$11,891 53
20,346 84
$32,238 37
6,447 68
25,790 69
.,277,954 59
Agents' balances,
Bills receivable,
Total,
Items not Admitted.
$113 46
5,542 28
5,655 74
Total admitted assets,
,272,298 85
1876.] OF OTHER STATES. 41
Liabilities.
Computed premium reserve or net present
value of all outstanding policies (Actuaries'
4 per cent,), $1,001,815 00
Deduct net value of re-insured risks, . . 5,887 00
Net re-insurance reserve, . . . $995,928 00
Death losses and matured endowments in
process of adjustment, .... $12,848 00
Claims resisted by the company, . . 15,000 00
Total policy claims, — 27,848 00
All other liabilities : premiums paid in advance, . . . 4,945 76
Pennsylvania State tax resisted, 2,722 50
Liabilities as to policy-holders, .... $1,031,444 26
Surplus as regards policy-holders, .... 240,854 59
Gross liabilities, $1,272,298 85
Premium Note Account.
Premium notes on hand, December 31, 1875, . $145,103 69
Premium notes or loans received during 1876, 27,613 67
Total, $172,717 36
Used in payment of surrendered policies and
voided by lapse, . . $9,478 27
of dividends to policy-hold-
ers, 7,185 87
Redeemed by maker in cash, .... 14,186 51
Total, 30,850 65
Balance note assets, December 31, 1876, . . . $141,866 71
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 2,764 $5,754,991 00
Endowment policies, 589 736,749 00
All other policies, 69 197,734 00
New Policies Issued in 1876.
Whole-life policies, 1,052 1,581,363 00
Endowment policies, 37 49,101 00
All other policies, 7 15,500 00
Old Policies Bevived during the year.
Whole-life policies, . . . . . . . 8 20,500 00
Endowment policies, 2 4,000 00
6
42
LIFE INSURANCE COMPANIES [Dec. 31,
Old Policies increased during the year.
Whole-life policies, .......
Endowment policies, ......
Total number and amount,
. 4,528
Policies ceased to be in force during the year.
Terminated by death, 29
by maturity, ..... 8
by expiry, ...... 9
by surrender, ..... 112
by lapse, ...... 454
by change and decrease, ... 2
Not taken, ........ 226
Total terminated,
Policies in force December 31, 1876.
Whole-life policies, ....... 3,064
Endowment policies, ...... 566
All other policies, 58
$215 00
667 00
Totals,
,,360,820 00
$53,448 00
33,688 00
43,000 00
270,632 00
882,473 00
49,469 00
338,500 00
840 $1,671,210 00
1,878,784 00
664,092 00
146,734 00
3,688 $6,689,610 00
Schedule A.
Securities held as Collateral.
Market value.
63 shares Pratt, Whitney & Co., . . . $5,040 00
54 " U. S. Express Co., . . . . 2,916 00
60 " N. Y., N. H. & Hartford R. R. Co., 9,000 00
20 " First Nat'l Bank, Portland, . . 2,400 00
5 " Travelers' Ins. Co., . . . . 850 00
Medlicott Co. mort. bonds, .... 7,000 00
70 shares Washburn Steel Tire Co., . . 5,250 00
25 " Conn. Fire Ins. Co., . . . 2,750 00
15 " Park Natl Bank, .... 1,680 00
}
Amount loaned.
$3,500 00
2,000 00
9,515 95
4,250 00
3,500 00
1,500 00
$36,886 00 $24,265 95
Schedule B.
Stocks and Bonds owned by the Company.
Cost value.
United States 5-20 reg'd bonds,
Connecticut State bonds,
Cook County (111.) bonds,
Chicago city bonds,
Toledo (O.) city bonds, .
Washington (Ind.) bonds,
,800 00
30,246 50
4,750 00
1,950 00
9,500 00
9,775 00
Market value.
$90,800 00
33,000 00
5,250 00
2,000 00
10,000 00
9,775 00
1876.]
OF OTHER STATES.
43
Quincy (111.) bonds, ....
Cin. & Indianapolis R. R. bonds, .
L. S. & Michigan So. R. R, bonds, .
Hartford, Prov. & Fishkill R. R. bonds, .
125 shares N. Y., N. H. & Hartford R. R.,
33 " Shoe & Leather Nat'l Bank, .
40 " Merchants' Exchange Natl Bank
50 " Fourth Nat'l Bank,
38 " Continental Nat'l Bank,
216 " American Nat'l Bank, .
104 " Phcenix Natl Bank,
52 " Charter Oak Natl Bank,
70 " Hartford Natl Bank, .
100 " First Natl Bank, .
9 " iEtna Nat'l Bank, .
25 " Farmers and Mechanics' Natl B'k
86 " Conn. Trust & S. D. Co.,
100 " Thames Nat'l Bank,
$8,250 00
9,610 00
5,089 38
4,910 00
16,793 03
3,780 00
2,750 00
5,193 00
5,184 00
13,538 00
15,853 00
6,700 00
10,625 00
13,978 25
1,116 00
3,325 00
8,428 00
13,700 00
$9,130 00
9,187 50
5,761 25
5,275 00
18,750 00
4,323 00
1,920 00
5,000 00
2,584 00
14,688 00
16,120 00
6,760 00
10,780 00
10,000 00
1,125 00
3,125 00
7,740 00
14,000 00
$285,844 16 $297,093 75
CONNECTICUT MUTUAL LIFE INSURANCE COMPANY,
HARTFORD, CONN.
[Incorporated June 15, 1846. Commenced business December 15, 1846.]
James Goodwin, President. Secretary, Jacob L. Greene,
Z. Preston and E. B. Watkinson, Vice-Presidents.
Principal Office, Hartford.
Attorney to accept service, Edwin Ray, Boston.
Income.
Total premium income,
Cash received for interest on stocks, bonds and loans, .
for interest on other debts due the company,
for rents of company's property, .
Total income, .....
Net or ledger assets, December 31, 1875,
Total,
Disbursements.
Cash paid for losses and additions,
Premium notes or loans used in payment of same,
Cash paid for matured endowments and additions,
Premium notes or loans used in payment of same,
Gross amount paid for losses and endowments.
£6,725,120 67
2,788,416 89
37,233 33
68,343 24
. $9,619,114 13
. 41,462,065 53
$51,081,179 66
$2,252,701 73
39,246 62
291,291 29
18,006 71
12,601,246 35
44
LIFE INSURANCE COMPANIES [Dec. 31,
. .. . $209,627 41
Cash paid for surrendered policies, . . ...
Premium notes or loans used in purchase of surrendered
policies and voided by lapse,
Cash surrender values, including re-converted additions ap-
plied in payment of premiums,
Cash dividends paid policy-holders, applied in payment of
premiums,
Premium notes or loans used in payment of dividends,
Total paid policy-holders, . . . $6,018,758 68
Cash paid for commissions to agents, ....
for salaries and travelling expenses of agents,
for medical examiners' fees,
for salaries of officers and office employes, .
for taxes and fees, ......
for office and incidental expenses,
Total disbursements,
Balance, .
298,318 86
448,535 54
2,327,429 02
133,601 50
$162,836 55
4,163 25
17,702 50
82,431 11
309,517 09
165,624 01
. $7,061,033 19
$44,020,146 47
Invested in the following : —
Assets as per Ledger Accounts.
Cost value of real estate,
Loans on mortgage of real estate (first liens), .
on collateral security (schedule A), .
Premium notes or loans on policies in force,
Cost value of stocks and bonds owned (schedule B),
Cash in company's office, ......
Cash deposited in bank,
Bills receivable, ........
Agents' ledger balances, . . . . • .
Ledger assets (as per balance) , .
$2,748,753 20
27,815,839 34
94,867 28
6,290,699 45
5,295,155 46
7,306 54
1,718,015 91
5,376 40
44,132 89
$44,020,146 47
Other Assets.
Interest due and accrued, ....
Rents due and accrued, . .
Market value of stocks and bonds, over cost,
Uncollected premiums on policies in force,
Deferred premiums on policies in force,
Total, ........
Deduct loading (33| per cent.), . , <
Net am't of uncollected and deferred prem's,
$1,202 12
51,919 89
$53,122 01
17,707 33
,844,530 64
3,850 00
309,064 54
35,414 68
Total assets per company's books,
$46,213,006 33
1876.] OF OTHER STATES. 45
Items not Admitted.
Agents' balances, $44,132 89
Bills receivable, 5,376 40
Total, $19,509 29
Total admitted assets, $46,103,497 04
Liabilities.
Computed premium reserve or net present value of all out-
standing policies (Actuaries 1 4 per cent.), . . $40,839,645 00
Death losses and matured endowments in
process of adjustment, .... $552,287 00
Claims resisted by the company, . . . 209,485 00
Total policy claims, . ' . . . — — 761,772 00
Unpaid dividends of surplus due policy-holders, . . . 261,978 75
Contingent reserve on lapsed policies, . . . . . 291,562 65
Liabilities as to policy-holders, .... $42,154,958 40
Surplus as regards policy-holders, .... 4,008,538 64
Gross liabilities, $46,163,497 04
Premium Note Account.
Premium notes on hand, Dec. 31, 1875, . . $6,730,567 50
or loans rec'd during 1876, . 54,784 20
Total, $6,785,351 70
Used in payment of losses and claims, . $57,253 33
of surrendered policies and
voided by lapse, . . 298,318 86
of dividends to policy-hold-
ers, .... 133,601 50
Redeemed by maker in cash, . . . 5,478 56
Total, 494,652 25
Balance note assets, December 31,1876, . . .$6,290,699 45
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 56,574 $163,340,210 00
Endowment policies, 8,674 19,756,817 00
All other policies, 961 1,979,815 00
New Policies Issued in 1876,
Whole-life policies, 4,708 12,347,632 00
Endowment policies, ...... 555 1,001,153 00
All other policies, 21 30,285 00
46
LIFE INSURANCE COMPANIES [Dec. 31,
Old Policies Bevived during the year.
Whole-life policies, .
Endowment policies,
All other policies, .
Total number and amount,
574
150
20
$2,003,326 00
438,200 00
75,400 00
.72,237 $200,972,838 00
Policies ceased to be in force during the year.
Terminated by death, . .
by maturity,
by expiry, .
by surrender,
by lapse,
by change and decrease,
Not taken, .....
Total terminated,
832 $2,377,338 00
100 310,873 00
3 15,000 00
1,860 6,250,348 00
2,207 6,573,200 00
405,221 00
617 1,626,450 00
5,619 $17,558,430 00
Policies in force December 31, 1876.
Whole-life policies, . 57,267 $162,780,759 00
Endowment policies, ...... 8,440 18,794,184 00
All other policies, . 911 1,839,465 00
Totals, . .
Schedule
Securities held as
United States bond, 6s, .
St, Louis city bonds,
Ohio Canal stock, ....
50 shares Little Miami R. R., .
United States bonds, 6s, .
" 5-20 bonds,
" 5-20 bonds,
26 shares First Nat'l Bank, .
Quincy (111.) city bonds,
Pettis county (Mo.) bonds,
Kansas Pacific R. R. bonds,
20 shares Conn. Trust and Safe Deposit
Rockville R. R. bonds,
United States 5-20 bonds,
Mortgage bond, property in Louisville,
" " " in Evansville,
4 shares Hartford Nat'l Bank,
Mortgage bond, Le Grand Martin, .
" " Daniel F. Cadmus,
40 shares iEtna Fire Ins. Co.,
1QA (( t< « U It
.66,618 $183,414,408 00
A.
Collateral.
Market value. Amount loaned.
$568 75 >|
Co.
2,000 00
5,500 00
2,000 00 J
2,275 00^
2,275 00)
568 75 >j
2,678 00
8,000 00 J
3,000 00
1,500 00
1,800 00
14,000 00
1,137 50
10,000 00
4,000 00
620 00
2,400 00
2,000 00
9,800 00
24,500 00
}
$9,803 28
4,000 00
7,000 00
2,250 00
2,500 00
9,305 00
1,000 00
3,000 00
1,500 00
2,500 00
1,509 00
10,000 00
1876.]
OF OTHER STATES.
47
129 shares Natl Exchange Bank, .
5 " Natl Trust Co., N. Y., .
20 " Chicago and Northwestern R. R.,
28 " Pennsylvania Central R. R., .
13 " Michigan Central R. R.,
50 " Third Natl Bank (Cin.),
50 " First Natl Bank (Cin.),
14 " N. Y., N. H. and Hartford R. R.,
250 " Mercantile Natl Bank (Toledo),
$8,772 00
500 00 >|
1,200 00 I
1,600 00 i
1,001 00 J
8,750 00
7,500 00
2,114 00
25,000 00
}
i,000 00
4,000 00
10,000 00
1,500 00
20,000 00
$157,060 00 $94,867 28
Schedule B.
Stocks and Bonds owned by
United States bonds,
Connecticut state bonds, .
Tennessee state bonds, .
Indiana state bonds,
Toledo (Ohio) city bonds,
Fort Wayne (Ind.) city bonds,
Jackson (Mich.) city bonds, .
Evansville (Ind.) water bonds,
Evansville (Ind.) city bonds, .
Louisville (Ky.) sewer bonds,
Louisville (Ky.) city bonds, .
Quincy (111.) city bonds,
Quincy (111.) debt funding bonds, .
Milwaukee (Wis.) city bonds,
Milwaukee (Wis.) water bonds,
Kansas (Mo.) city bonds,
St. Louis Chamber of Commerce bonds
Mobile city funding bond,
Mobile city certificates, .
130 shares First Natl Bank, Hartford,
100
25
15
10
10
200
300
210
50
t'd,
City Natl Bank, Hartford,
JEtna Natl Bank, Hartford,
Phoenix Natl Bank, Hartford
Charter Oak Natl Bank, Har
State Bank, Hartford,
Fourth Natl Bank, N. Y.,
Conn. Trust and Safe Deposit Co
N. Y., N. H. and Hartford R. R.,
Connecticut River R. R.,
Company.
Cost value.
$2,183,240 46
600,000 00
19,900 00
103,500 00
19,000 00
75,000 00
99,000 00
255,000 00
37,510 00
182,500 00
92,500 00
187,500 00
13,600 00
150,000 00
475,000 00
182,500 00
435,000 00
78,000 00
200 00
13,000 00
10,725 00
2,500 00
1,650 00
1,055 00
1,275 00
20,000 00
30,000 00
21,000 00
5,000 00
Market value.
12,402,500 00
684,000 00
10,595 00
103,500 00
19,000 00
75,000 00
99,000 00
255,000 00
42,500 00
182,500 00
92,500 00
187,500 00
13,600 00
150,000 00
475,000 00
182,500 00
435,000 00
78,000 00
200 00
13,390 00
■ 9,600 00
3,225 00
2,400 00
1,350 00
1,250 00
20,000 00
27,000 00
31,710 00
6,400 00
i,295,155 46 $5,604,220 00
48
LIFE INSURANCE COMPANIES [Dec. 31.
CONTINENTAL LIFE INSURANCE COMPANY, HARTFORD,
CONN.
[Incorporated July, 1862. Commenced business July, 1864.]
Paid-up Capital, $300,000.
James S. Parsons, President. Secretary, Robert E. Beecher.
Horace R. Morlet, Actuary.
Principal Office, Hartford.
Attorney to accept service, W. S. Chamberlain, Boston.
Income.
Total premium income, $532,189 61
Cash received for interest on stocks, bonds and loans, . . 136,425 40
as discount on claims paid in advance, . . 763 00
for rents of company's property, - . . . 4,550 01
Total income, 1673,928 02
Net or ledger assets, December 31, 1875, .... 3,095,474 05
Total, $3,769,402 07
Disbursements.
Cash paid for losses and additions,
Premium notes or loans used in payment of same,
Cash paid for matured endowments and additions,
Premium notes or loans used in payment of same,
Gross amount paid for losses and endowments,
Cash paid for surrendered policies,
Premium notes or loans used in purchase of surrendered
policies and voided by Lapse,
Cash surrender values, including re-converted additions ap
plied in payment of premiums,
Cash dividends paid policy-holders, applied in payment
premiums, .........
Premium notes or loans used in payment of dividends,
of
$128,087 61
6,040 26
25,634 09
3,796 95
$163,558 91
38,702 20
112,542 51
37,684 14
56,596 08
15,855 66
Total paid policy-holders, . . . $424,939 50
Cash paid for dividends to stockholders,
for commissions to agents, . . .
for salaries and travelling expenses of agents,
for medical examiners' fees, ....
for salaries of officers and office employes, .
for taxes and fees,
for rent,
for furniture and office fixtures,
24,000 00
47,591 78
58,156 03
6,313 92
30,669 93
15,636 60
2,100 00
12,728 96
1876.]
OF OTHER STATES.
49
Cash paid for advertising, .
for office and incidental expenses,
Total disbursements, .
Balance,
$2,165 93
20,183 02
$644,485 67
3,124,916 40
$264,624 89
821,710 89
88,770 00
1,285 00
1,112,286 20
616,480 21
7,014 40
173,516 50
17,067 35
22,160 96
53,124,916 40
141,620 88
10,072 79
Invested in the following : —
Assets as per Ledger Accounts
Cost value of real estate,
Loans on mortgages of real estate (first liens), .
Loans on collateral security (schedule A), .
Loans on company's policies assigned as collateral,
Premium notes or loans on policies in force, .
Cost value of stocks and bonds owned (schedule B),
Cash in company's office, .....
Cash deposited in bank,
Office furniture, safes and fixtures, .
Agents' ledger balances,
Ledger assets (as per balance),
Other Assets.
Interest due and accrued,
Market value of real estate over cost,
Uncollected premiums on policies in force, . $105,281 03
Deferred premiums on policies in force, . 41,892 06
Total,
Deduct loading (10 per cent.),
Net am't of uncollected and deferred prem's,
Total assets per company's books, .
Items not Admitted.
Furniture and fixtures, $17,067 35
Agents' balances, 22,160 96
Total, 39,228 31
Total admitted assets, $
Liabilities.
Computed premium reserve or net present value of all
outstanding policies (Actuaries' 4 per cent.), . . $
Death losses and matured endowments in process of adjust-
ment,
$147,173 09
14,717 30
- 132,455 79
$3,409,065 86
Liabilities as to policy-holders,
Surplus as regards policy-holders,
Gross liabilities,
1,369,837 55
},236,118 00
23,258 00
5,259,376 00
110,461 55
5,369,837 55
50
LIFE INSURANCE COMPANIES [Dec. 31,
Premium Note Account.
Premium notes on hand, Dec. 31, 1875, . . $1,180,295 65
Premium notes or loans received during 1876, 71,732 31
Total, $1,252,027 96
Used in payment of losses and claims, . . $9,837 21
of surrendered policies and
voided by lapse, . . 112,542 51
of dividends to policy-hold-
ers, 15,855 66
Redeemed by maker in cash, .... 1,506 38
Total, . . 139,741 76
Balance note assets, December 31,1876, . . . $1,112,286 20
Exhibit of Policies.
Policies and Additions in force December SI, 1875.
Number. Amount.
Whole-life policies, 7,252 $11,137,687 00
Endowment policies, . . . . . 3,652 3,568,261 00
All other policies,
New Policies Issued in 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
Old Policies Revived during the year.
Whole-life policies,
Endowment policies, . . . . .
. 169
469,200 00
6.
. 1,143
2,071,355 00
. 149
189,440 00
. 124
252,600 00
year.
32
26,162 00
22
13,266 00
Total number and amount,
. 12,543 $17,727,971 00
Policies ceased to be in force during the year.
Terminated by death,
85
$146,014 00
by maturity, . . . .
22
35,000 00
by expiry, ....
15
64,000 00
by surrender, .
. 377
454,847 00
by lapse, ....
. 748
1,533,950 00
by change and decrease,
,
909,657 00
Not taken,
. 474
637,790 00
Total terminated, .....
. 1,721
$3,781,258 00
Policies in force December 31,1876.
Whole-life policies, . .... . . . 7,217 $10,287,898 00
Endowment policies, 3,405 3,189,265 00
All other policies, .200 469,550 00
Totals,
. 10,822 $13,946,713 00
1876.]
OF OTHER STATES.
51
Schedule A.
Securities held as Collateral.
Market value
42 shares Orient Fire Ins. Co., . . $5,586 00
100 " Hartford Steam Boiler Ins. Co.,
4 " -2Gtna Ins. Co.,
100 " First Natl Bank, Kansas City,
Mortgage bonds, 10s,
280 shares Adams Nickel Plating Co.,
Mortgage note assigned,
36 shares Union Manuf. Co., .
Evanston village bonds, .
360 shares Adams Nickel Plating Co.,
4 " Natl Bank, State of New York,
25 " Phoenix Natl Bank,
10 " Natl Bank of Commerce,
Mortgage bonds, 10s,
156 shares Adams Nickel Plating Co.,
50 " Willimantic Linen Co., .
United States bonds,
Mortgage note assigned, .
40 shares St. Nicholas Bank, N. Y.,
40 " Natl City Bank, N. Y., .
40 " Bank of Commerce, N. Y.,
200 " Phoenix Natl Bank, N. Y.,
60 " Gallatin Natl Bank, N. Y.,
30 " Bank of Commerce, N. Y.,
60 " Merchants' Natl Bank, N. Y.
21 " Chicago & Alton R. R., .
160 " Adams Nickel Plating Co.,
10 " St. Nicholas Bank, .
Mortgage bonds, 10s,
10 shares N. L. Northern R. R. Co.,
25 " Security Ins. Co., .
5,600 00
960 00
10,000 00
2,000 00
7,000 00
4,666 00
7,800 00
2,800 00
3,600 00
5,000 00
9,000 00^
400 00 j
425 00 }
1,080 00 I
2,000 00 J
3,900 00 >|
3,375 00 I
1,137 50 J
5,000 00
4,000 00
10,000 00
4,320 00
3,400 00
3,420 00
4,080 00
3,510 00 J
2,100 00
4,000 00 >|
1,000 00 '
2,500 00
1,000 00
2,500 00
$127,159 50
j
Amount loaned.
$2,250 00
3,550 00
400 00
5,000 00
1,500 00
2,500 00
3,500 00
6,000 00
1,600 00
2,500 00
5,000 00
12,000 00
7,000 00
5,000 00
19,570 00
1,600 00
7,100 00
700 00
2,000 00
,770 00
Schedule B.
Stocks and Bonds owned by the Company.
Cost value.
United States bonds, $406,252 50
Hartford city bonds,
Middletown water bonds,
Macoupin county bonds, .
Leavenworth county bonds,
Indianapolis city bonds, .
8,410 00
6,772 50
10,000 00
8,000 00
7,950 00
Market value.
$410,625 00
8,840 00
7,400 00
4,000 00
8,000 00
9,600 00
52
LIFE INSURANCE COMPANIES [Dec. 31,
Quincy city bonds,
Jefferson county bonds, ....
Fort Wayne city bonds, ....
Indianapolis and Cin. R. R. Co. bonds, .
Middletown, Unionville and W. G. R. R. bonds
Utica town bonds, .....
Windham town bonds, . . .
38 shares N. Y., N. H. and Hartford R. R.,
405 " Farm, and Mechanics 1 Nat'l Bank
75 " Conn. Trust and Safe Dep. Co.,
200 " Willimantic Linen Co., .
$7,400 00
8,500 00
7,575 00
8,725 00
7,000 00
15,000 00
35,000 00
5,920 21
53,365 00
7,750 00
12,860 00
$9,100 00
9,500 00
9,250 00
9,000 00
12,600 00
15,000 00
35,000 00
5,738 00
52,650 00
6,750 00
13,500 00
$616,480 21 $626,553 00
EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED
STATES, NEW YORK.
[Incorporated July 28, 1859. Commenced business July 28, 1859.]
Paid-up Capital, $100,000.
Henry B. Hyde, President. Secretary, Samuel Borrowe.
James W. Alexander, Vice-President. Actuary, George W. Phillips.
Principal Office, New York.
Attorney to accept service, Henry T. Blodget, Boston.
Income.
Total premium income, $7,514,131 28
Cash received for interest on stocks, bonds and loans, . 1,365,479 15
for interest on other debts due the company, 32,986 73
for rents of company's property, . . . 306,273 85
for profits on bonds, stocks or gold sold, . 23,670 66
Total income, . $9,242,541 67
Net or ledger assets, December 31, 1675, .... 27,677,630 87
Total,
Disbursements.
Cash paid for losses and additions,
for matured endowments and additions,
,920,172 54
$2,106,039 94
94,000 00
Gross amount paid for losses and endowments, . . $2,200,039 94
Cash paid to annuitants, 25,527 54
for surrendered policies, 1,132,783 43
Cash dividends paid policy-holders, applied in payment of
premiums, 1,812,076 64
Total paid policy-holders,
. $5,170,427 hb
1876.]
OF OTHER STATES.
53
Cash paid for dividends to stockholders,
for commissions to agents, ....
for salaries and travelling expenses of agents,
for medical examiners' fees,
for salaries of officers and office employes, .
for taxes and fees,
for rent,
for commuting commissions,
for furniture and office fixtures, including sink
ing fund of $100,000, ....
for advertising,
or other items ; viz., agency, building and office
expenses, $91,210.36; printing, stationery and
law expense, $82,722.56 ; postage, exchange
and express, $17,963.70; miscellaneous,
613.34,
Total disbursements, ........
Balance,
Invested in the following : —
Assets as per Ledger Accounts
Cost value of real estate,
Loans on mortgage of real estate (first liens), .
Loans on collateral security (schedule A), .
Cost value of stocks and bonds owned (schedule B),
Cash in company's office and deposited in bank, .
Commuted commissions,
Agents' ledger balances,
Ledger assets (as per balance),
Deduct depreciation from cost of assets,
Total net or ledger assets, ....
Other Assets.
Interest due and accrued,
Rents due and accrued,
Market value of stocks and bonds, over cost,
Uncollected premiums on policies in force, .
Deferred premiums on policies in force,
$7,000 00
411,810 30
36,594 19
47,273 47
248,266 31
70,911 07
108,568 43
9,580 00
105,091 67
55,419 69
232,509 96
1,503,452 64
,416,719 90
$5,615,637 88
16,237,264 45
1,981,820 00
5.033.315 60
1.269.316 48
100,819 65
178,545 84
$30,416,719 90
. *375,440 09
$30,041,279 81
f$264,511 78
42,141 54
132,897 10
Total,
Deduct loading (20 per cent.),
Net am't of uncollected and deferred prem's,
Premium on gold on hand, ....
Total assets per company's books,
$158,460 00
670,816 00
$829,276 00
165,855 00
663,421 00
7,488 46
$31,151,739 69
* Loans on bonds and mortgage in excess of value as appraised by the Insurance Depart-
ment of New York, $222,121.47; reduction of value of real estate, same appraisal, $153,318.62.
(• Not including $41,899.63 accrued interest on mortgages where principal and interest is in
excess of present values as appraised, by the Insurance Department of New York.
54 LIFE INSURANCE COMPANIES [Dec. 31,
Items not Admitted.
Commuted commissions, . . . . $100,819 65
Agents 1 balances, 178,545 84
Total, . . . . . . ' . $279,365 49
Total admitted assets, ...... $30,872,374 20
Liabilities.
Computed premium reserve or net present value of all
outstanding policies (Actuaries' 4 per cent.), . . $27,720,700 00
Death losses due and unpaid, . . . $24,385 00
Death losses and matured endowments in
process of adjustment, .... 327,375 00
Claims resisted by the company, . . . 39,000 00
Total policy claims, . . . . 390,760 00
Unpaid dividends of surplus due policy-holders, . . . 81,902 00
Liability under three months clause in policies, . . . 104,617 00
Liabilities as to policy-holders, .... $28,297,979 00
Surplus as regards policy-holders, .... 2,574,395 20
Gross liabilities, ....... $30,872,374 20
Estimated surplus accrued on tontine or
other policies, the profits upon which are
especially reserved for that class of poli-
cies, *$2,193,577 00
Estimated surplus accrued on all other poli-
cies, 380,818 20
Exhibit op Policies.
Policies and Additions in force, December 31, 1875.
Number. Amount.
Whole-life policies, 40,966 $150,339,807 00
Endowment policies, 7,399 23,050,853 00
All other policies, . . . .-. . . .335 1,055,255 00
Reversionary additions, - 4,186,771 00
New Policies Issued in 1876.
Whole-life policies,
Endowment policies, . . .
All other policies,
Old Policies Bevived during the year.
Whole-life policies,
Endowment policies,
All other policies,
* Computed by New York department on basis of 4£ per cent, valuation.
6,217
18,486,405 00
446
1,127,545 00
81
239,440 00
fear.
562
2,666,430 00
92
295,000 00
-
110,000 00
1876.]
OF OTHER STATES.
55
Old Policies increased during the year.
Additions by dividends, - $2,095,757 00
Total number and amount,
.56,098 $203,653,263 00
Policies ceased to be in force during the year.
Terminated by death, .... . . 519 $2,115,94500
by maturity,
by expiry, .
by surrender,
by lapse,
Not taken,
Total terminated,
27 87,000 00
9 46,000 00
2,197 11,667,188 00
3,406 12,685,900 00
1,204 4,000,540 00
. 7,362 $30,602,573 00
Policies in force December 31, 1876.
Whole-life policies, 41,350 $146,423,532 00
Endowment policies, 7,047 21,331,118 00
All other policies, . . . . . . .339 974,290 00
Reversionary additions, - 4,321,750 00
Totals, ... . • . . .. . . 48,736 $173,050,690 00
Schedule A.
Securities held as
Brooklyn city stock, . . . .
Washington Sq. (Staten Island) bond, .
United States 5-20 bonds,
" bonds, 6s, 1881,' .
" " 10-40 bonds,
" " 5-20 " .
2600 shares Mercantile Safe Dep. Co. (N
United States 5-20 bonds,
bonds, 5s, 1881,.
5-20 bonds, .
Spanish doubloons,
United States 5-20 bonds,
bonds, 6s, 1881,
Collateral.
Market value.
$9,200 00
225 00
2,200 00
1,140 00
226 00
220 00
1,130 00
1,130 00
169,500 00
Y.), 325,000 00
1,356 00
2,240 00
548,125 00
158,895 00
274,062 50
315,720 00
274,062 50
56,750 00
57,062 50
Amount loaned.
$7,000 00
220 00
3,000 00
400 00
1,000 00
1,000 00
150,000 00
175,000 00
1,200 00
2,000 00
537,500 00
155,000 00
268,750 00
300,000 00
268,750 00
55,000 00
56,000 00
1,198,244 50 $1,981,820 00
56
LIFE INSURANCE COMPANIES [Dec. 31,
Schedule B.
Stocks and Bonds owned by
United States bonds,
New York city stock, .
Brooklyn city stock,
Rochester city stock,
Virginia state bonds, 6s,
Sharon town (N. Y.) bonds, .
Yonkers town (N. Y.) bonds,
Little Valley town (N. Y.) bonds
South Carolina state bonds, 6s,
Mercantile Trust Co. stock (N. Y
).
Valley Nat 1 ! Bank stock (St. Louis),
the Company.
Cost value.
$1,804,196 51
1,439,831 25
137,045 00
55,500 00
13,050 00
66,000 00
4,712 00
6,000 00
16,250 00
1,488,730 84
2,000 00
Market value.
M ,817,032 50
1,489,100 00
161,160 00
57,250 00
20,057 70
68,310 00
5,050 00
6,385 00
14,662 50
1,525,405 00
1,800 00
,033,315 60 15,166,212 70
GERMANIA LIFE INSURANCE COMPANY, NEW YORK.
[Incorporated April 10, 1860. Commenced business July, I860.]
Paid-up Capital, #200,000.
Hugo Wesendonck, President. Secretary, Cornelius Doremus.
Frederick Schroendler, Vice-Tresident. Actuary, HCbert Cillis.
Principal Office, No. 287 Broadway.
Attorney to accept service, Fredric Krause, Boston.
Income.
Total premium income, ....... $1,395,07730
Cash received for interest on stocks, bonds and loans, . . 432,832 38
as discount on claims paid in advance, . . 184 35
for rents of company's property, . . . 3,854 18
for policy fees, " . . 222 32
Total income, . . . . . . . . $1,832,170 53
Net or ledger assets, December 31, 1875, .... 6,824,635 41
Total, $8,656,805 94
Disbursements.
Cash paid for losses and additions, ....
for matured endowments and additions,
Gross amount paid for losses and endowments,
Cash paid to annuitants,
for surrendered policies,
$153,743 83
22,832 47
$176,576 30
8,539 95
243,124 56
1876.]
OF OTHER STATES.
57
Cash surrender values, including reconverted additions ap-
plied in payment of premiums, $14,799 61
Cash dividends paid policy-holders, applied in payment of
premiums, 151,495 73
Total paid policy-holders, . . . $894,536 15
Cash paid for dividends to stockholders, . .
.for commissions to agents, .
for salaries and travelling expenses of agents,
for medical examiners' fees, ....
for salaries of officers and office employes, .
for taxes and fees, . . .
for rent,
for commuting commissions, ....
for furniture and office fixtures,
for advertising and printing, ....
for other items ; viz., expense on real estate,
$3,636.83 ; for office and incidental expenses,
$15,775.20,
24,000 00
102,450 11
60,660 22
10,816 05
63,578 80
10,468 85
12,866 48
4,754 69
1,549 84
10,787 40
19,412 03
Total disbursements,
.,215,880 62
Balance,
Invested in the following : —
Assets as per Ledger Accounts
Cost value of real estate,
Loans on mortgage of real estate (first liens),
Loans on collateral security (schedule A), .
Cost value of stocks and bonds owned (schedule B),
Cash in company's office,
Cash deposited in bank,
Ledger assets (as per balance),
Deduct depreciation from cost of assets,
Total net or ledger assets,
Other Assets.
Interest due and accrued, ....
Market value of stocks and bonds over cost, .
Uncollected premiums on policies in force, .
Deferred premiums on policies in force,
Total,
Deduct loading (20 per cent.),
Net am't of uncollected and deferred prem's,
Total assets per company's books, .
8
',440,925 32
$393,688 65
5,113,904 52
200,000 00
1,609,025 07
3,972 24
120,334 84
17,440,925 32
21,351 52
.7,419,573 80
139,435 60
68,486 93
t,732 91
258,532 60
$353,265 51
70,653 10
■ 282,612 41
17,910,108 74
58
LIFE INSURANCE COMPANIES [Dec. 31
r 04 04
92,381 63
17,235 11
Liabilities.
Computed premium reserve or net present value of all out
standing policies (Actuaries' 4 per cent.),
Death losses due and unpaid, .
Death losses and matured endowments, in
process of adjustment,
Claims resisted by the company, .
Total policy claims, ....
Unpaid dividends of surplus due policy-holders,
Due for taxes and fees, ....
Due for salaries, rent and office expenses,
Special reserve for tontine and lapsed policies,
Liabilities as to policy-holders,
Surplus as regards policy-holders, .
Gross liabilities, . . . . .
',107,263 00
$122,320 78
39,485 70
6,040 27
1,583 33
18,688 57
7,295,381 65
614,727 09
7,910,108 74
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 15,976 $27,578,724 00
Endowment policies, . . . . . . 4,188 6,583,227 00
All other policies 130 295,500 00
New Policies Issued in 1876.
Whole-life policies, 1,269 1,948,068 00
Endowment policies, . . . . . .989 1,288,646 00
All other policies, 120 328,500 00
Old Policies Revived during the year.
Whole-life policies, . . ' . . . . . 11 17,435 00
Endowment policies, ...... 4 13,000 00
Old Policies increased during the year.
Additions by dividends,
57,529 00
Total number and amount, .... 22,687
$38,110,629 00
Policies ceased to be in force during the year
Terminated by death, 263
$460,356 00
by maturity, 21
22,832 00
by expiry, 11
6,840 00
by surrender, 920
1,604,616 00
by lapse, 869
1,367,208 00
by change and decrease, . . . 6
38,540 00
Not taken, . . .305
553,924 00
Total terminated,
2,395 $4,054,316 00
1876.] OF OTHER STATES. 59
Policies in force December 31, 1876.
Whole-life policies, 15,689 $26,835,970 00
Endowment policies, 4,436 6,810,343 00
All other policies, 171 410,000 00
Totals, 20,296 $34,056,313 00
Schedule A.
Securities held as Collateral.
Market value. Amount loaned.
United States stocks, $229,292 50 $200,000 00
Schedule B.
Stocks and Bonds owned by the Company.
Cost value. Market value.
United States stocks, . . . ' . . $794,176 33 $830,412 00
State stocks, . . . . . . . 20,445 00 16,350 00
County and city stocks, 794,403 74 830,750 00
$1,609,025 07 $1,677,512 00
GLOBE MUTUAL LIFE INSURANCE COMPANY, NEW YORK.
[Incorporated June, 1864. Commenced business June, 1864.]
Paid-up Capital, $ 100,000.
Pliny Freeman, President. Secretary, James M. Freeman.
Actuary, Edward H. Sewell.
Principal Office, 345 and 347 Broadway.
Attorney to accept service, John H. Nolan, Boston.
Income.
Total premium income, $632,729 66
Cash received for interest on stocks, bonds and loans, . . 205,243 05
for interest on other debts due the company, 13,612 36
as discount on claims paid in advance, . . 904 96
for rents of company's property, . . . 19,470 49
Premiums received for re-insurance : cash, $104,000.02 ; notes,
$23,561, 127,561 02
Total income, . $999,521 54
Net or ledger assets, December 31, 1875, . . . .3,980,908 67
Total, $4,980,430 21
60
LIFE INSURANCE COMPANIES [Dec. 31,
Disbursements.
Cash paid for losses and additions,
for matured endowments and additions,
Gross amount paid for losses and endowments,
Cash paid for surrendered policies,
Cash dividends to policy-holders, .
$367,546 56
74,187 27
$441,733 83
121,050 78
42,200 98
Total paid policy-holders, . . . $604,985 59
Cash paid for dividends to stockholders,
for commissions to agents, ....
for salaries and travelling expenses of agents,
for medical examiners' fees, ....
for salaries of officers and office employes, .
for taxes and fees, . . • .
for rent, . . . . .
for commuting commissions, . .
for furniture and office fixtures,
for advertising,
for office and incidental expenses,
$14,563 44
41,295 91
50,272 31
10,860 72
49,468 86
5,160 01
18,946 58
12,058 60
2,578 45
5,034 68
25,841 07
Total disbursements,
$841,066 22
Balance,
1,139,363 99
Invested in the following : —
Assets as per Ledger Accounts
Cost value of real estate, . ' .
Loans on mortgage of real estate (first liens),
on collateral security (schedule A),
on company's policies assigned as collateral,
Premium notes or loans on policies in force, .
Cost value of stocks and bonds owned (schedule B),
Cash in company's office,
deposited in bank, .
Bills receivable,
Agents' ledger balances, .
Due from Nashville Life Ins. Co.,
Fire insurance premiums advanced,
Furniture, fixtures, etc., .
Ledger assets (as per balance),
$745,961 54
1,616,085 35
109,598 70
27,043 58
24,025 25
1,473,016 31
11,774 14
25,847 52
3,131 23
59,380 26
16,806 08
2,929 03
23,765 00
$4,139,363 99
Other Assets.
Interest due and accrued, ...
Rents due and accrued,
Market value of real estate, over cost, .
$50,359 69
5,550 00
38,199 58
1876.]
OF OTHER STATES.
Market value of stocks and bonds, over cost,
Uncollected premiums on policies in force,
Deferred premiums on policies in force,
Total,
Deduct loading (10 per cent.),
Net am 1 t of uncollected and deferred prem's
Supplies,
61
$94,934 08
$72,127 90
123,524 61
$195,652 51
19,565 25
Total assets per company's books, .
Items not Admitted.
Furniture and fixtures, .
Agents' balances,
Loans on personal security, .
Judgments, .
29,055 11
28,297 55
2,027 60
Bills receivable, ....
Agency supplies, stationery, etc., .
Total,
Total admitted assets,
- 176,087 26
1,235 00
$4,505,729 60
$23,765 00
59,380 26
3,131 23
1,235 00
87,511 49
1,418,218 11
Liabilities.
Computed premium reserve or net present
value of all outstanding policies (Actua-
ries' 4 per cent.), $^
Deduct net value of re-insured risks,
Net re-insurance reserve, ....
Death losses and matured endowments in
process of adjustment, . ...
Claims resisted by the company,
Total policy claims,
Due for taxes and fees,
All other liabilities : premiums paid in advance,
Reserve on lapsed policies, ....
Liabilities as to policy-holders,
Surplus as regards policy-holders, .
Gross liabilities,
Estimated surplus accrued on tontine or
other policies, the profits upon which are
especially reserved for that class of poli-
cies,
,147,614 00
1,438 00
,986 17
18,000 00
,955 45
Premium Note Account.
Premium notes or loans received during 1876 on account of
Nashville Life Ins. Co., re-insured,
t,146,176 00
84,986 17
1,500 00
27,001 39
12,114 50
t,27 1,778 06
146,440 05
1,418,218 11
$24,025 25
^ NE y TO
62
LIFE INSURANCE COMPANIES [Dec. 31,
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, . 8,042 $17,390,877 00
Endowment policies, . • 2,615 3,860,517 00
All other policies,
Reversionary additions,
New Policies Issued in 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
Old Policies Revived during the year.
Whole-life policies, .
Endowment policies,
All other policies, .
Old Policies increased during the year.
Additions by dividends,
. 161
295,500 00
• —
197,586 00
6.
. 2,314
4,429,892 00
. 130
117,489 00
50
120,750 00
year.
27
60,000 00
11
37,000 00
2
5,000 00
197,144 00
Total number and amount,
13,352 $26,711,755 00
Policies ceased to be in force during the year.
Terminated by death, 124 $304,207 00
by maturity,
by expiry, .
by surrender,
by lapse,
Not taken, . . .
Total terminated,
38
80,772 00
1
5,000 00
581
1,490,999 00
1,254
3,092,073 00
360
825,680 00
. 2,358 $5,798,731 00
Policies in force December 31, 1876.
Whole-life policies, 8,476 $17,094,554 00
Endowment policies, 2,378 3,369,985 00
All other policies, 140 251,34100
Reversionary additions, - 197,144 00
10,994 $20,913,024 00
Schedule A.
Securities held as Collateral.
Market value. Amount loaned.
40 shares Home Fire Ins. Co., . . . $4,600 00 $3,800 00
10 " Manhattan Company, . . . 2,900 00 600 00
5 " Princeton Bank 500 00 400 00
20 " Bank of Commerce, . . . 2,180 00 2,000 00
1876.]
OF OTHER STATES.
63
20 shares Home Fire Ins. Co.,
N. Y. and West Shore R. R. bonds,
430 shares Metropolitan Fire Ins. Co.,
L. I. City Shore R. R. bonds, .
120 shares Home Fire Ins. Co.,
L. I. City Shore R. R. bonds, .
United States 5-20 bonds,
5 shares Home Fire Ins. Co., .
$2,300 00
12,800 00
10,320 00
83,000 00
13,800 00
24,000 00
587 50
575 00
$1,575 00
8,000 00
5,000 00
60,000 00
10,700 00
16,723 70
400 00
400 00
1157,562 50 $109,598 70
Schedule B.
Stocks and Bonds owned by the Company.
Cost value.
United States bonds, ..... $692,068 06
Brooklyn Soldiers' Aid bonds, . . . 69,350 00
" Bushwick Ave. bonds, . . . 25,125 00
" public park bonds, . . . . 449,461 25
bridge bonds, . . . . . 61,888 89
Astoria Village bonds, 780 39
Long Island City bonds, 60,000 00
Richmond city bonds, . . . . 46,250 00
Mississippi warrants, 8,750 85
New York state bonds, 1865, . . . . 11,770 00
" state bounty bonds, . . . 10,556 25
" city accumulated debt bonds, . 15,516 25
state gold bonds, 6s, . ... 11,499 37
" county bounty bonds, . . . 10,000 00
Market value.
?712,392 50
81,760 00
28,000 00
483,945 00
69,300 00
780 39
63,000 00
57,250 00
9,000 00
11,082 50
12,500 00
15,540 00
12,000 00
11,400 00
.,473,016 31 $1,567,950 39
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY,
HARTFORD, CONN.
[Incorporated May, 1866. Commenced business April, 1867.]
Paid-up Capital, $300,000.
Erastus H. Crosby, President. Secretary, Stephen Ball.
Principal Office, Hartford.
Attorney to accept service, J. W. Woodruff, Auburndale.
Income.
Total premium income, $94,644 48
Cash received for interest on stocks, bonds and loans, . . 57,521 57
Total income, ......... $152,166 05
Net or ledger assets, December 31, 1875, . . . . 889,225 52
Total, $1,041,391 57
64
LIFE INSURANCE COMPANIES [Dec. 31,
Disbursements.
Cash paid for losses and additions, $30,812 00
Received for losses and claims on policies re-insured, . . 3,000 00
Net amount paid for losses and endowments, . . $27,812 00
Cash paid for surrendered policies, 17,364 09
Cash dividends paid policy-holders, applied in payment of
premiums, 5,899 28
Total paid policy-holders, . . . $51,075 37
Cash paid for dividends to stockholders, .... 18,000 00
for commissions to agents, ..... 7,306 87
for salaries and travelling expenses of agents, . 10,427 01
for medical examiners' fees, 651 00
for salaries of officers and office employes, . . 6,483 25
for taxes and fees, 969 71
for rent, 1,969 72
for advertising, 944 32
for office, agency and incidental expenses, . . 16,782 96
Total disbursements, $114,610 21
Balance, $926,781 36
Invested in the following : —
Assets as per Ledger Accounts.
Cost value of real estate,
Loans on mortgage of real estate (first liens),
on collateral security (schedule A),
on company's policies assigned as collateral,
Cost value of stocks and bonds owned (schedule B),
Cash in company's office,
Cash deposited in bank, .
Loaned on personal security,
Agents' ledger balances,
Furniture and fixtures, .
Gross ledger assets (as per balance),
Deduct depreciation from cost of assets,
Total net or ledger assets,
$22,443 16
763,746 44
30,600 48
7,000 00
56,790 77
540 20
11,672 97
15,131 99
7,295 92
11,559 43
$926,781 36
6,532 77
$920,248 59
Other Assets.
Interest due and accrued, .
Re-insurance due from other companies,
,559 45
2,000 00
1876.] OF OTHER STATES. 65
Uncollected premiums on policies in force, . $12,023 53
Deferred premiums on policies in force, . 11,485 07
Total, $23,508 60
Deduct loading (10 per cent.), . . . 2,350 86
Net am't of uncollected and deferred preni's, - — $21,157 74
Total assets per company's books, $982,965 78
Items not Admitted.
Furniture and fixtures, $11,559 43
Agents' balances, 7,295 92
Loans on personal security, .... 15,131 99
Total, ■ — 33,987 34
Total admitted assets, $948,978 44
Liabilities.
Computed premium reserve or net present
value of all outstanding policies (Actua-
ries 1 4 per cent.), $604,125 00
Deduct net value of reinsured risks, . . 2,335 00
Net re-insurance reserve, .... $601,790 00
Deatli losses and matured endowments in process of ad-
justment, 13,150 00
Unpaid dividends of surplus due policy-holders, . . . 821 59
Liabilities as to policy-holders, $615,761 59
Surplus as regards policy-holders, ..... 333,216 85
Gross liabilities, $948,978 44
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 1,875 $2,800,282 00
Endowment policies, 122 131,409 00
All other policies, ....... 550 1,023,750 00
Reversionary additions, - 5,488 00
New Policies Issued in 1876.
Whole-life policies, ....... 231 304,139 00
Endowment policies, 9 5,543 00
Old Policies Revived during the year.
Whole-life policies, ....... 6 7,700 00
9
66
LIFE INSURANCE COMPANIES [Dec. 31
Old Policies increased during the year.
Whole-life policies, 30
Endowment policies, 1
All other policies, . . . . . . .196
Additions by dividends, -
Total number and amount,
178,746 00
1,000 00
357,000 00
650 00
3,020 $1,715,707 00
Policies ceased to be in force during the year.
Terminated by death,
by expiry, .
by surrender,
by lapse,
by change and decrease,
by transfer, .
Not taken,
Total terminated, . . . .
22
$44,000 00
. 106
171,819 00
159
332,135 00
55
87,500 00
-
33,570 00
227
433,000 00
69
111,000 00
638
$1,213,024 00
Policies in force December 31, 187 6.
Whole-life policies, 1,684
Endowment policies, 108
All other policies, 590
Reversionary additions, ...... -
$2,308,149 00
103,818 00
1,086,431 00
4,285 00
Totals, . . . - 2,382 $3,502,683 00
Schedule A.
Securities held as Collateral.
Market value.
Lewis county (Mo.) bonds, .... $500 00
Algona (Iowa) school bonds, . . . 1,000 00
Real estate mortgage bonds on land in Iowa
40 shares Hartford Steam Boiler Ins. Co.,
84 " American Publishing Co.,
10 " Hartford Pump Co.,
St. Louis and So. Eastern R. R. bonds, .
Trust deed on land in Illinois,
2 shares Travelers' Ins. Co.,
20 " Security Co., ....
20 " American Nat'l Bank,
10 " Bristol Nat'l Bank, .
Mortgages assigned, . . .
2,000 00
2,240 00
3,360 00
370 00
4,800 00 J
10,000 00
352 00^
1,900 00 I
1,420 00 i
1,100 00 J
Amount loaned
t- $13,500 00
10,000 00
5,000 00
2,100 48
$30,600 48
1876.]
OF OTHER STATES.
67
Schedule B.
Stocks and Bonds owned by the Company.
Cost value.
United States 5-20 bonds, .... $3,740 02
Jefferson county (111.) bonds, . . . 16,000 00
200 shares First Nat'l Bank, Hartford, . . 28,200 00
50 " Home Nat'l Bank, W. Meriden, . 5,670 75
Hartford P. & F. R. R. bonds, . . . « 3,180 00
Market value.
$4,078 00
16,000 00
21,000 00
6,000 00
3,180 00
,790 77 $50,258 00
HOME LIFE INSURANCE COMPANY, BROOKLYN, N. Y.
[Incorporated April 30, 1860. Commenced business May 1, I860.]
Paid-up Capital, $125,000.
Geo. C. Ripley, President. Secretary and Actuary, Wm. J. Coffin.
Principal Office, No. 1 79 Montague Street, Brooklyn.
Attorney to accept service, James M. Burgess, Boston.
Income.
Total premium income, $634,002 97
Cash received for interest on stocks, bonds and loans, . . 269,244 53
for rents of company's property, . . . 5,516 39
Total income, $908,763 89
Net or ledger assets, December 31, 1875, .... 4,320,821 26
Total, . $5,229,585 15
Disbursements.
Cash paid for losses and additions, ....
Premium notes or loans>used in payment of same,
Cash paid for matured endowments and additions,
Premium notes or loans used in payment of same,
Gross amount paid for losses and endowments,
Cash paid to annuitants,
for surrendered policies, ....
Premium notes or loans used in purchase of surrendered
policies and voided by lapse,
Cash dividends paid policy-holders, ....
Premium notes or loans used in payment of dividends,
$201,322 69
18,273 31
29,035 48
12,464 52
$261,096 00
1,617 17
72,209 29
49,253 94
32,324 52
115,427 21
Total paid policy-holders,
$531,928 13
68
LIFE INSURANCE COMPANIES [Dec. 31,
Cash paid for dividends to stockholders,
for commissions to agents, ....
for salaries and travelling expenses of agents,
for medical examiners' fees, ....
for salaries of officers and office employes, .
for taxes and fees,
for rent of agencies and expenses,
for advertising,
office and incidental expenses,
Total disbursements,
. $15,000 00
51,933
13
12,300
73
3,422
22
27,204 04
4,045
90
8,180
25
1,590 00
15,580
35
. $671,184 75
Balance,
Invested in the following : —
Assets as per Ledger Accounts
Cost value of real estate, . . ...
Loans on mortgage of real estate (first liens),
Loans on collateral security (schedule A), .
Premium notes or loans on policies in force, .
Cost value of stocks and bonds owned (schedule B),
Cash in company's office and deposited in bank, .
Agents' ledger balances,
Ledger assets (as per balance),
Other Assets.
Interest due and accrued,
Market value of real estate, over cost, .
Market value of stocks and bonds, over cost
Uncollected premiums on policies in force,
Deferred premiums on policies in force,
Total,
Deduct loading,
Net am't of uncollected and deferred prem's,
Total assets per company's books, .
Items not Admitted.
$113,650
30,427
$144,077
28,815
Agents' balances,
Total admitted assets,
Liabilities.
Computed premium reserve or net present value of all out-
standing policies (Actuaries' 4 per cent.), .
Death losses and matured endowments in process of adjust-
ment, $22,000 00
Claims resisted by the company, . . . 23,000 00
[,558,400 40
$184,553 64
1,579,866 00
362,600 00
1,074,514 72
1,221,648 09
132,234 74
2,983 21
51,558,400 40
23,511 98
10,000 00
25,931 91
33
00
33
47
115,261 86
t,733,106 15
2,983 21
$4,730,122 94
$4,028,860 00
Total policy claims, .
45,000 00
1876.] OF OTHER STATES. 69
Unpaid dividends of surplus due policy-holders, . . . $2,256 90
Liabilities as to policy-holders, .... $4,076,116 90
Surplus as regards policy-holders, 654,006 04
Gross liabilities, $4,730,122 94
Premium Note Account.
Premium notes on hand, Dec. 31, 1875, . . $1,093,694 28
Premium notes or loans received during 1876, 176,239 42
Total, $1,269,933 70
Used in payment of losses and claims, . . $30,737 83
of surrendered policies and
voided by lapse, . . 49,253 94
of dividends to policy-hold-
ers, 115,427 21
Total, 195,418 98
Balance note assets, December 31, 1876, . . $1,074,514 72
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 8,541 $17,370,907 00
Endowment policies, 1,680 3,145,671 00
All other policies . 13 5,000 00
New Policies Issued in 1876.
Whole-life policies, 883 1,620,094 00
Endowment policies, 43 60,556 00
Old Policies Bevived during the year.
Whole-life policies, 3 3,000 00
Endowment policies, 1 1,000 00
Additions by dividends, - 3,117 00
Total number and amount, .... 11,164 $22,209,345 00
Policies ceased to be in force during the year.
Terminated by death, Ill $219,596 00
18 41,500 00
881 1,673,255 00
141 224,750 00
36,000 00
67 111,500 00
by maturity,
by surrender,
by lapse,
by change and decrease,
Not taken,
Total terminated, . . . . . . 1,218 $2,306,60100
70
LIFE INSURANCE COMPANIES [Dec. 31,
Policies in force December 31, 1876.
Whole-life policies, 8,413
Endowment policies, ....*. 1,520
All other policies, * 13
Reversionary additions, -
$17,047,722 00
2,846,905 00
5,000 00
3,117 00
Totals, 9,946 $19,902,744 00
United States 5-20 bond, .
20 shares Nassau Nat 1 ! Bank,
Schedule A.
Securities held as Collateral.
Market value.
$2,260 00
3,000 00'
15
50
511
100
35
30
195
21
48
24
Brooklyn Natl Bank, .
City Gas Co.,
" R. R., .
Union Trust Co., .
Nassau Natl Bank,
Home Fire Ins. Co.,
' New York Gas Light Co.,
' Brooklyn City Gas Co.,
* Nassau Gas Co., .
Nassau Gas Co. certificates, .
United States bonds, 1881,
5-20 bonds,
it it
Central Trust Co., New York,
Delaware & Hudson Canal Co.,
25 shares Nassau Natl Bank, .
United States bonds,
1284 shares Brooklyn City Gas Co.,
50
250
205
150
400
583
25
German-American Ins. Co.,
Brooklyn Trust Co.,
Metropolitan Natl Bank,
Central Trust Co., N. Y.,
Metropolitan Natl Bank,
Central Natl Bank,
Natl Shoe and Leather Bank,
Bank of New York certified gold check,
1,800 00
2,250 00
7,665 00
11,000 00
5,250 00
3,300 00
21,450 00
3,150 00
2,160 00
600 00
350 00
9,040 00
5,650 00
2,825 00
50,000 00
50,400 00
3,750 00
11,330 00
57,780 00
5,000 00
8,000 00
25,625 00
15,000 00
50,000 00
58,300 00.
3,125 00
26,750 00
$446,810 00
}
Amount loaned.
$1,800 00
4,500 00
5,000 00
15,000 00
15,600 00
2,500 00
2,500 00
8,000 00
5,400 00
2,500 00
75,000 00
2,000 00
10,300 00
50,000 00
35,000 00
100,000 00
2,500 00
25,000 00
2,600 00
Schedule B.
Stocks and Bonds owned by the Company.
Cost value. Market value.
United States 5-20 bonds, .... $398,17559 $419,95500
New York State bonds, 7s, ... 49,737 50 50,500 00
1876.]
OF OTHER STATES.
71
Brooklyn Park bonds, 7s,
" City bonds, 7s,
Kings County bonds,
$329,572 50 $328,000 00
270,125 00 270,125 00
174,037 50 179,000 00
$1,221,648 09 $1,247,580 00
HOMOEOPATHIC MUTUAL LIFE INSURANCE COMPANY, NEW
YORK.
[Incorporated July 18, 1868. Commenced business July 18, 1868.]
Paid-up Capital, #200,000.
D. D. T. Marshall, President. Secretary, Frank B. Mayhew.
E. M. Kellogg, Vice-President. Actuary, D. P. Fackler.
Principal Office, 231 Broadway.
Attorney to accept service, Henry Hale, Hyde Park.
Income.
Total premium income, $209,391 14
Cash received for interest on stocks, bonds, and loans, . . 39,001 93
for interest on other debts due the company, . 652 76
for rents of company's property, . . . 450 00
Total income, ' . . . $249,495 83
Net or ledger assets, December 31, 1875, .... 578,087 64
Total, $827,583 47
Disbursements.
Cash paid for losses and additions, $40,061 00
for surrendered policies, 60,995 05
Cash surrender values, including reconverted additions ap-
plied in payment of premiums, 11,496 00
Cash dividends paid policy-holders, $6,851.05; applied in
payment of premiums, $4,941.01, . . . . ■ . 11,792 06
Total paid policy-holders, . . . $124,344 11
Cash paid for commissions to agents, 18,320 12
for salaries and travelling expenses of agents, . 16,153 02
for medical examiners' fees, 3,894 42
for salaries of officers and office employes, . . 10,000 00
for taxes and fees, ....... 1,387 31
for rent, 2,400 00
for commuting commissions, ....... 2,582 27
for advertising, 2,06104
72
LIFE INSURANCE COMPANIES [Dec. 31,
Cash paid for office and incidental expenses, .
profit and loss account, .
Total disbursements,
Balance,
$12,029 16
1,529 78
$194,701 23
$632,882 24
Invested in the following : —
Assets as per Ledger Accounts.
Cost value of real estate, .
Loans on mortgage of real estate (first liens),
on collateral security (schedule A), .
on company's policies assigned as collateral,
Cost value of stocks and bonds owned (schedule B),
Cash in company's office,
Cash deposited in bank, .
Bills receivable,
Agents 1 ledger balances, .
Office furniture and fixtures,
Ledger assets (as per balance),
. $40,651 99
. 333,098
18
17,030
00
8,751
75
. 218,765
00
869
64
9,064 04
1,159
76
1,228
20
2,263
68
. $632,882
24
Other Assets
Interest due and accrued,
Bents clue and accrued, ....
Market value of stocks and bonds, over cost
Uncollected premiums on policies in force,
Deferred premiums on policies in force,
Total,
Deduct loading,
Net aiu't of uncollected and deferred prem's,
Total assets per company's books, .
$18,698 10
29,786 00
$48,484 10
3,141 35
9,209 6Q
150 00
13,285 00
45,342 75
. $700,869 65
Items not Admitted.
Furniture and fixtures, .
Agents' balances,
Bills receivable,
Total,
Total admitted assets,
$2,263 68
1,228 20
1,159 76
4,651 64
$696,218 01
Liabilities.
Computed premium reserve or net present
value of all outstanding policies (Actua-
ries 1 4 per cent.),
Deduct net value of re-insured risks,
Net re-insurance reserve, ....
!32,195 00
7,517 00
$624,678 00
1876.] OF OTHER STATES. 73
Death losses and matured endowments in process of adjust-
ment, $11,277 00
All other liabilities : reserved for other claims, . . . 4,000 00
Liabilities as to policy-holders, $639,955 00
Surplus as regards policy-holders, 56,263 01
Gross liabilities, $696,218 01
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 2,067 $3,875,274 00
Endowment policies, . . ... . . 848 1,045,529 00
All other policies, 42 110,000 00
New Policies Issued in 1876.
Whole-life policies, 1,072 1,870,439 00
Endowment policies, 169 203,813 00
All other policies, 61 120,500 00
Old Policies Bevived during the year.
Whole-life policies, 13 25,000 00
Endowment policies, 3 13,000 00
Old Policies increased during the year.
Endowment policies, - 1,000 00
Additions by dividends, - 2,894 00
Total number and amount, .... 4,275 $7,267,449 00
Policies ceased to be in force during the year.
Terminated by death, 32 $50,752 00
by expiry, 16 26,500 00
by surrender, 816 480,597 00
by lapse, 390 681,300 00
by change and decrease, ... 35 72,600 00
Not taken, 216 416,131 00
Total terminated, 1,005 $1,727,880 00
Policies in force December 31, 1876.
Whole-life policies, , ... . , . . 2,423 $1,389,036 00
Endowment policies, 767 969,533 00
All other policies, 80 181,000 00
Totals, 3,270 $5,539,569 00
10
74
LIFE INSURANCE COMPANIES [Dec. 31
Schedule A.
Securities held as Collateral.
Market value.
Amount loaned.
United States 5-20 bond, ....
$1,170 00
$1,000 00
(t a cc u
1,170 00
1,000 00
40 shares Oriental Bank,
2,000 00
1,000 00
25 " Fifth Nat'l Bank, .
3,750 00
2,500 00
20 " Farragut Fire Ins. Co., .
1,250 00 \
1,010 00 /
1,500 00
10 " Metropolitan Plate Glass Ins. Co.,
50 " Clark Thread Co., .
6,000 00^
1,450 00/
6,630 00
60 " Hamilton Fire Ins. Co., .
St. Louis city bonds,
2,140 00
1,900 00
Bond and mortgage assigned,
2,000 00
1,500 00
$21,940 00 $17,030 00
United States 10-40 bonds,
" " 5-20 "
Sodus (N, Y.) town bonds, .
Somerset (N. Y.) town bonds,
Yates (N. Y.) town bonds,
Arcadia (N. Y.) town bonds, .
Schedule B.
Slocks and Bonds owned by the Company.
Cost value.
$116,077 50
62,687 50
10,000 00
14,000 00
11,000 00
5,000 00
Market value.
$128,800 00
63,250 00
10,000 00
14,000 00
11,000 00
5,000 00
$218,765 00 $232,050 00
KNICKERBOCKER LIFE INSURANCE COMPANY, NEW YORK.
[Incorporated April, 1853. Commenced business April, 1853.]
Paid-up Capital, $100,000.
John A. Nichols, President. Secretary, Geo. F. Sniffen.
Charles M. Hibbard, Actuary.
Principal Office, 239 Broadway, New York.
Attorney to accept service, Wallace D. Williams, Boston.
Income.
Total premium income, . $1,507,991 55
Cash received for interest on stocks, bonds and loans, . . 284,741 65
for interest on other debts due the company, 6,303 39
as discount on claims paid in advance, . . 205 45
for rent of company's property, . . . 47,859 28
Total income, .....
Het or ledger assets, December 31, 1875,
$1,847,101 32
. 6,519,982 90
Total,
5,367,084 22
1876.]
OF OTHER STATES.
75
Disbursements.
Cash paid for losses and additions,
Premium notes or loans used in payment of same,
Cash paid for matured endowments and additions,
Premium notes or loans used in payment of same,
$421,348 77
56,879 35
35,181 81
25,592 57
Gross amount paid for losses and endowments, . . $539,002 50
Cash paid to annuitants, 177 00
for surrendered policies, 572,937 11
Premium notes or loans used in purchase of surrendered
policies and voided by lapse, 260,312 12
Cash dividends paid policy-holders, applied in payment of
premiums, 213,844 89
Premium notes or loans used in payment of dividends, . 36,458 25
Total paid policy-holders, . . , $1,622,731 87
Cash paid for dividends to stockholders, . . . . 10,103 25
for commissions to agents, 27,172 49
for salaries and travelling expenses of agents, . 6,425 12
for medical examiners' fees, 3,242 00
for salaries of officers and office employes, . . 38,757 68
for taxes and fees, 4,717 68
for rent, 14,000 00
for advertising, 9,743 05
for office and incidental expenses, $54,410.48 ; loss
on sale of stocks, $69,268.20, .... 123,678 68
Total disbursements, . .
Balance,
-,860,571 82
5,506,512 40
Invested in the following : —
Assets as per Ledger Accounts
Cost value of real estate,
Loans on mortgage of real estate (first liens),
Loans on collateral security (schedule A), .
Premium notes or loans on policies in force, .
Cost value of stocks and bonds owned (schedule B),
Cash in company's office, .....
Cash deposited in bank, ......
Furniture,
Improvements on real estate,
Ledger assets (as per balance),
Deduct depreciation from cost of assets, .
$970,675 78
2,133,439 27
65,200 00
2,633,595 67
541,586 94
343 00
106,456 54
25,612 52
29,602 68
56,506,512 40
24,342 57
Total net or ledger assets,
$6,482,169 83
76
LIFE INSURANCE COMPANIES [Dec. 31,
Other Assets.
Interest due and accrued,
Market value of real estate, over cost, .
Market value of stocks and bonds, over cost,
Uncollected premiums on policies in force,
Deferred premiums on policies in force,
Total, ......
Deduct loading (20 per cent.),
Net am't of uncollected and deferred prem's,
Total assets per company's books, .
Items not Admitted.
Furniture and fixtures, $25,612 52-
Improvements on real estate, .... 29,602 68
Total,
$374,832 30
12,256 25
49,337 38
$36,161 84
23,326 91
$59,488 75
11,897 77
47,590 98
5,966,186 74
55,215 20
Total admitted assets,
5,910,971 54
Liabilities.
Computed premium reserve or net present value of all out-
standing policies (Actuaries' 4 per cent.), . . . $6,464,809 00
Death losses due and unpaid, .... $30,100 00
Death losses and matured endowments in
process of adjustment, .... 227,195 00
Claims resisted by the company, . . . 81,500 00
Total policy claims, 338,795 00
All other liabilities : book accounts, . . . . . 2,673 47
Liabilities as to policy-holders, .... $6,806,277 47
Surplus as regards policy-holders, 104,694 07
Gross liabilities, $6,910,971 54
Premium Note Account,
Premium notes on hand, Dec, 31 , 1875, . . $2,820,069 91
Premium notes or loans received during 1876, 206,282 53
Total, ■ • A • • • • $3,026,352 44
Used in payment of losses and claims, . . 82,471 92
of surrendered policies and
voided by lapse, . . 260,312 12
of dividends to policy-hold-
ers, 36,458 25
Redeemed by maker in cash, . , . , 13,514 48
Total, — 392,756 77
Balance note assets, December 31, 1876,
$2,633,595 67
1876.]
OF OTHER STATES.
77
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 8,431 $19,566,535 00
Endowment policies, 1,963 4,090,428 00
All other policies, . 10 16,000 00
New Policies Issued in 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
601
1,426,010 00
158
257,824 00
186
399,600 00
Old Policies Revived during the year.
Whole-life policies, .
Endowment policies,
Total number and amount,
20
7
68,800 00
4,000 00
.11,376 $25,829,197 00
Policies ceased to be in force during the year.
Terminated by death,
. 184
$534,298 00
by maturity,
32
59,754 00
by expiry, ....
3
6,000 00
by surrender,
. 760
2,076,189 00
by lapse, ....
. 797
1,983,603 00
by change and decrease,
.
5,500 00
Not taken,
31
78,150 00
Total terminated, ....
. 1,807
$4,743,494 00
Policies in force December 31, 1876.
Whole-life policies, 7,673
Endowment policies, 1,724
All other policies, 172
$17,851,776 00
2,879,827 00
354,100 00
Totals, 9,569 $21,085,703 00
Schedule A.
Securities held as
Collateral.
Market value.
20 shares Grocers 1 Bank,
$2,000 00^1
14 '
' People's Fire Ins. Co., .
1,169 00 1
10 '
' Metropolitan Fire Ins. Co.,
180 00 }
5 <
' Lamar Fire Ins. Co.,
515 00 j
. . 562 50 j
5
' Home Fire Ins. Co.,
40
" First Nat'l Bank, .
4,400 00
Amount loaned.
$3,200 00
4,000 00
78
LIFE INSURANCE COMPANIES [Dec. 31,
60 shares Peter Cooper Fire Ins. Co., .
$2,400 00^
12
t«
Home Fire Ins. Co.,
1,350
00
120
t(
Pacific Fire Ins. Co.,
7,500
00
10
t;
Manuf. and Builders' Ins. Co.,
1,300
00
30
c<
Mercantile Marine Ins. Co., .
3,000
00
» $16,000 00
200
cc
Brooklyn Fire Ins. Co., .
7,106
00
25
(«
Germania Fire Ins. Co.,
2,000
00
60
it
Williamsburgh City Fire Ins. Co., . 5,550
00
40
K
Pacific Bank, . ...
5,400
00 ,
20
cc
Park Bank, ....
2,300
00 >
United States coupon bonds, .
3,498
75
f 6,000 00
10 shares First Nat'l Bank, .
1,100
00 J
25
(C
Continental Fire Ins. Co.,
3,250
00 1
25
cc
Home Fire Ins. Co.,
2,812
50
10
It
Clinton Fire Ins. Co., .
1,500
00
. 10,000 00
10
cc
American Exchange Fire Ins. Co., 1,060
00
10
cc
Park Fire Ins. Co.,
1,520
00
50
cc
Montauk Fire Ins. Co., .
3,750
00-
75
cc
Market Bank,
8,100
00
6,000 00
20
cc
Importers and Traders 1 Bank,
3,700
00 \
162
cc
Gallatin Nat'l Bank, .
8,910
00
► 20,000 00
100
cc
Nat'l Bank of the Republic, .
10,000
00 J
$95,933 75
$65,200 00
Schedule B.
Stocks and Bonds owned by
United States bonds,
Virginia state bonds,
South Carolina state bonds, .
Tennessee state bonds, .
Alabama state bonds,
Mississippi state warrants,
American Exchange Bank stock,
Fourth Nat'l Bank stock,
Brooklyn City and Jamaica R. R. bonds
Guaranty and Indemnity Co. stock,
Central Park, N. and E. R. R. bonds,
Erie preferred stock,
the Company.
Cost value.
$378,092 42
9,898 54
43,350 50
19,700 00
9,995 00
8,375 00
11,347 50
10,387 50
19,270 48
17,570 00
1,600 00
12,000 00
Market value.
$396,344 37
7,590 00
17,500 00
11,440 00
3,500 00
10,000 00
10,500 00
10,000 00
19,200 00
17,570 00
1,600 00
12,000 00
$541,586 94 $517,244 37
1876.]
OF OTHER STATES.
79
MANHATTAN LIFE INSURANCE COMPANY, NEW YORK.
[Incorporated 1850. Commenced business August, 1850.]
Paid-up Capital, $100,000.
Henry Suokes, President. Secretary, Jacob L. Halsey.
Christ's Y. Wemple, Vice-President. Actuary, Samuel N. Stebbins.
Principal Office, 156 and 158 Broadway.
Attorney to accept service, J. M. Everett, Boston.
Income.
Total premium income, $1,285,331 18
Cash received for interest on stocks, bonds and loans,
for interest on other debts due the company,
as discount on claims paid in advance, .
for profits on bonds, stocks or gold, sold,
Collections from suspense account,
504,001 26
46,634 35
1,529 21
5,264 14
434 52
Total income, $1,843,194 66
Net or ledger assets, December 31, 1875, .... 9,328,320 69
Total,
$11,171,515 35
Disbursements.
Cash paid for losses and additions, ....
Premium notes or loans used in payment of same,
Cash paid for matured endowments and additions,
Premium notes or loans used in payment of same,
Gross amount paid for losses and endowments, .
Cash paid to annuitants,
for surrendered policies, ....
Premium notes or loans used in purchase of surrendered
policies and voided by lapse,
Cash dividends paid policy-holders, applied in payment of
premiums,
Premium notes or loans used in payment of dividends,
$637,669 36
49,452 75
57,639 60
25,945 40
$770,707 11
3,704 99
98,369 27
134,269 71
271,356 54
19,705 74
Total paid policy-holders, . . . $1,298,113 36
Cash paid for dividends to stockholders,
for commissions to agents, .
for medical examiners 1 fees, .
for salaries of officers and office employes,
for taxes and fees,
for rent, ....
for commuting commissions,
for advertising,
55,000 00
121,153 02
9,226 00
70,452 66
8,931 51
14,500 00
410 42
9,576 01
80
LIFE INSURANCE COMPANIES [Dec. 31,
Cash paid for other items ; viz., expenses on real estate,
$1,195.17; office and incidental expenses,
5,119.45, $19,314 62
Total disbursements,
. $1,606,677 60
Balance, . . .■'.". $9,564,837 75
Invested in the following : —
Assets as per Ledger Accounts
Cost value of real estate,
Loans on mortgage of real estate (first liens), .
Loans on collateral security (schedule A), ,
Premium notes or loans on policies in force,
Cost value of stocks and bonds owned (schedule B),
Cash in company's office,
Cash deposited in bank,
Bills receivable,
Agents 1 ledger balances,
Ledger assets (as per balance),
Other Assets
Interest due and accrued,
Market value of stocks and bonds, over cost,
Uncollected premiums on policies in force,
Deferred premiums on policies in force,
Total,
Deduct loading (20 per cent),
Net anft of uncollected and deferred prem's
Postage stamps, .....
$206,851 56
5,040,160 29
818,147 90
2,014,314 28
1,231,684 25
1,685 03
242,459 04
8,000 00
1,535 40
1,564,837 75
$255,386 86
27,964 13
$151,212 44
107,388 65
$258,601 09
51,720 23
206,880 86
78 89
Total assets per company's books,
Items not Admitted.
Agents 1 balances,
Bills receivable,
Total,
Total admitted assets, ....
,055,148 49
$1,535 40
8,000 00
9,535 40
$10,045,613 09
Liabilities.
Computed premium reserve or net present value of all
outstanding policies (Actuaries 1 4 per cent.), . . . $8,386,867 00
Death losses and matured endowments in
process of adjustment, .... $218,931 89
1876.]
OF OTHER STATES.
81
Claims resisted by the company, $41,500 00
Total policy claims, ....
Unpaid dividends of surplus due policy-holders, . ,
Liabilities as to policy-holders, .....
Surplus as regards policy-holders, ...
Gross liabilities, . . . . .
$260,431 89
95,161 47
. $8,742,460 36
. 1,303,152 73
$10,045,613 09
Premium Note Account.
Premium notes on hand, Dec. 31, 1875, . $2,180,500 10
Premium notes or loans received during 1876, 93,227 04
Total, . $2,273,727 14
Used in payment of losses and claims, . $75,398 15
of surrendered policies and
voided by lapse, . . 134,269 71
of dividends to policy-
holders, . . . 19,705 74
Redeemed by maker in cash, . . . 9,122 29
Charged agents for collection, . . . 20,916 97
Total, 259,412 86
Balance note assets, December 21, 1876, . . . $2,014,314 28
Exhibit op Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies 11,086 $36,089,794 00
Endowment policies, 1,630 3,761,822 00
All other policies,
Reversionary additions,
New Policies Issued in 1876.
Whole-life policies, .
Endowment policies,
47
110,365 00
—
121,882 00
6.
. 1,276
3,593,787 00
. 176
308,203 00
Old Policies increased during the year.
Additions by dividends, ......
Total number and amount,
2,977 00
. 14,215 $43,988,830 00
Policies ceased to be in force during the year.
Terminated by death, ....
. 201
$687,486 00
by maturity,
43
83,585 00
by surrender,
. 170
492,460 00
by lapse, ....
. 717
2,198,974 00
by change and decrease,
. 267
975,100 00
608,467 00
$5,046,072 00
11
82
LIFE INSURANCE COMPANIES [Dec. 31.
Policies in force December 31, 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
Reversionary additions,
Totals,
11,052
$35,391,742 00
1,511
3,328,696 00
45
105,365 00
116,955 00
12,608
$38,942,758 00
Schedule A.
Securities held as Collateral.
Market value.
District of Columbia 3-65 bonds, .
United States 5-20 bonds,
300 shares Western Union Telegraph Co.,
315 " Citizens' Fire Ins. Co., .
Jersey City bonds, ....
Brooklyn City water loan,
United States 5-20 bonds,
2100 shares Western Union Telegraph Co.,
500 " Lake Shore R. R.,
Union Pacific 1st mortgage bonds, .
Central Pacific 1st mortgage bonds,
N. J. Central 1st mortgage bonds, .
Lake Shore Sinking Fund bonds, .
200 shares N. Y. Central & Hudson R. R. R
37 " Continental Nat'l Bank,
100 " Lake Shore R. R., .
20 " Metropolitan Bank,
16 " Merchants 1 Exchange Bank,
45 " Bank of the Republic, .
390 " Citizens' Nat'l Bank, .
31 " Eighth Avenue R. R., .
180 " Broadway Bank, .
53 " Citizens' Bank,
100 " Lake Shore R. R., .
500 " N. Y. Central & Hudson R. R. R
Westchester County bonds,
500 shares N. Y. Central & Hudson R. R. R
300 " Harlem, preferred,
10 " N. Y. Guar, and Indemnity Co
1500 " N. Y. Central & Hudson R. R. R
990 " Harlem R. R.,
106 " Union Trust,
1065 " Butchers and Drovers' Bank,
Westchester County bonds, .
750 shares Citizens' Nat'l Bank,
113 " Bowery Fire Ins. Co., .
22 " Citizens' Fire Ins. Co., .
80 " Stuyvesant Fire Ins. Co.,
}
$28,400 00
1,097 50
22,000 00
11,250 00
4,160 00
1,030 00
1,097 50
149,100 00
28,000 00
85,000 00
20,000 00
16,050 00
15,600 00
20,200 00
2,590 00
5,700 00
2,500 00
776 00
4,275 00
11,310 00
4,650 00
9,000 00
1,547 00
5,700 00
50,500 00
1,040 00
50,500 00
20,250 00
1,000 00
151,500 00
66,825 00
16,100 00
33,547 00^
15,600 00
21,750 00
6,356 00
790 00
3,340 00 J
}
Amount loaned.
$22,500 00
1,000 00
15,000 00
2,500 00
3,600 00
900 00
900 00
150,000 00
100,000 00
12,000 00
17,000 00
1,000 00
6,508 73
11,000 00
5,000 00
5,750 00
40,000 00
900 00
45,000 00
16,289 17
200,000 00
73,000 00
1876.]
OF OTHER STATES.
83
60 shares
100
t«
300
Cl
100
M
40
u
89
((
175
i;
8
(C
220
(C
20
«(
100
11
10
t(
40
a
100
a
40
ct
100
ic
15
«
200
((
20
it
Citizens' Nat'l Bank,
Third Avenue R. R.,
Citizens' Fire Ins. Co ,
People's Bank,
Bank of Commerce,
Manhattan Co. Bank,
Shoe and Leather Bank,
Bank of Commerce,
Brooklyn Gas Light Co
Union Trust, .
Lake Shore R. R., .
Metropolitan Gas Co.,
Citizens' Nat'l Bank,
Western Union Telegraph Co.,
People's Bank,
Harlem Gas Light Co.,
Bank of Commerce,
N. Y. Central & Hudson R. R. R.,
$1,740 00 >
16,000 00 I
10,800 00 J
3,250 00 a
4,320 00 I
6,007 00 J
23,100 00
864 00
9,900 00
3,100 00 >j
5,700 00 I
1,400 00 |
1,160 00 J
7,100 00
1,300 00
10,500 00
1,620 00
20,200 00
2,020 00
}
$18,800 00
11,500 00
17,500 00
750 00
6,000 00
4,550 00
6,500 00
5,000 00
200 00
16,000 00
1,500 00
$1,020,212 00 $818,147 90
Schedule B.
Stocks and Bonds owned by the Company.
Cost value. Market value.
1,008,407 50 $1,023,568 88
United States bonds, ....
Virginia state bonds, ....
" deferred, ....
New York state bounty bonds,
" city bounty redemption bonds,
Brooklyn Public Park Loan, .
100 shares Bank of Commerce,
}
4,500 00
100,203 75
8,613 00
100,500 00
9,460 00
5,082 00
101,000 00
9,135 00
110,000 00
10,862 50
.,231,684 25 $1,259,648 38
METROPOLITAN LITE INSURANCE COMPANY, NEW YORK.
[Incorporated June, 1866. Commenced business June, 1867.]
Paid-up Capital, $200,000.
Jos. F. Knapp, President. Secretary, Robert A. Granniss.
Vice-President, John R. Hegeman. Actuary, William P. Stewart.
Principal Office, cor. Park Place and Church Street, New York.
Attorney to accept service, Chaplin G. Tyler, Wakefield.
Total premium income, . . . . . . . . $849,921 61
Cash received for interest on stocks, bonds and loans, . . 87,589 90
84
LIFE INSURANCE COMPANIES [Dec. 31 .
Cash received for interest on other debts due the company, $6,274 95
for rent of company's property, . . 17,493 92
Total income, $961,280 38
Net or ledger assets, December 31, 1875, less depreciation
of $73,107.01, 1,649,364 06
Total,
$2,610,644 44
Disbursements.
Cash paid for losses and additions,
Premium notes or loans used in payment of same,
Cash paid for matured endowments and additions,
Premium notes or loans used in payment of same,
208,515 70
1,999 30
21,731 92
3,524 08
Gross amount paid for losses and endowments, . . $235,771 00
Cash paid for surrendered policies, 92,246 29
Premium notes or loans used in purchase of surrendered
policies and voided by lapse, 66,871 96
Cash dividends paid policy-holders, applied in payment of
premiums, 85,221 00
Premium notes or loans used in payment of dividends, . 2,353 49
Total paid policy-holders, . . . $482,463 74
Cash paid for dividends to stockholders,
for commissions to agents, ....
for salaries and travelling expenses of agents,
for medical examiners 1 fees, .
for salaries of officers and office employes, .
for taxes and fees,
for rent, . . . •
for commuting commissions,
for advertising, etc.,
for agency and incidental expenses,
Total disbursements,
7,000 00
93,665 68
11,284 35
13,743 00
34,916 99
4,496 6Q
8,875 13
11,109 13
19,185 72
4,928 32
1,668 72
Balance,
Invested in the following : —
Assets as per Ledger Accounts.
Cost value of real estate,
Loans on mortgage of real estate (first liens),
on collateral security (schedule A), .
Premium notes or loans on policies in force, .
Par value of stocks and bonds owned (schedule B),
Cash in company's office,
deposited in bank,
$1,918,975 72
$276,610 77
706,250 00
96,240 74
365,689 26
323,000 00
1,266 22
19,736 31
1876.]
OF OTHER STATES.
Agents' ledger balances, ....
Furniture, safes and fixtures, $15,908.37; commuted com
missions, $48,696.15, ....
Ledger assets (as per balance) ,
Other Assets.
Interest due and accrued,
Rents due and accrued, ....
Market value of stocks and bonds, over par,
Uncollected premiums on policies in force,
Deferred premiums on policies in force,
Total,
Deduct loading (15-j- per cent.), .
Net am't of uncollected and deferred preni's,
s.
85
m t
. $65,577 90
auted com-
.
64,604 52
•
$1,918,975 72
27,611 12
, ,
2,415 50
.
31,862 50
$152,687
17
215,451
32
$368,138 49
57,619 37
310,519 12
$2,291,383 96
$15,908 37
48,696 15
65,577 90
130,182 42
$2,161,201 54
Total assets per company's books, .
Items not Admitted.
Furniture and fixtures, . . . .
Commuted commissions, ....
Agents' balances,
Total,
Total admitted assets, ....
Liabilities.
Computed premium reserve or net present
value of all outstanding policies (Actua-
ries' 4 per cent.) ,* $2,013,507 00
Deduct net value of re-insured risks, . . 250 00
Net re-insurance reserve, . . . $2,013,257 00
Death losses and matured endowments in process of adjust-
ment 37,151 00
Unpaid dividends of surplus due policy-holders, . . . 1,657 00
All other liabilities : premiums paid in advance, $16,551.21 ;
premium loans in excess of reserve, $15,000 ; miscellane-
ous, $5,016.27, . . . . . . . . . 36,567 48
Liabilities as to policy-holders,
Surplus as regards policy-holders (see note) , .
Gross liabilities,
12,088,632 48
72,569 06
£2,161,201 54
* The reserve endowment policies of this company are returned to this department as
ordinary life-policies, and so valued. The strictly accurate method would be to regard them
as term insurance coupled with pure endowment. This method of valuation would con-
siderably reduce the reserve liability. The Actuary of the New York Department estimates
this difference at $90,000, which, if correct, would increase the surplus of the company by
that amount.
86 LIFE INSUKANCE COMPANIES [Dec. 31,
Premium Note Account.
Premium notes on hand, Dec. 31, 1875, .
$374,969 68
Premium notes or loans received during 1876,
65,946 98
Total
|440,916 66
Used in payment of losses and claims, .
$5,523 38
of surrendered policies and
voided by lapse,
67,350 53
of dividends to policy-hold-
ers, .
2,353 49
Total
75,227 40
• • •
Balance note assets, December 31, 1876,
$365,689 26
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, ....... 15,705 $23,716,218 00
Endowment policies, 1,715 1,370,803 00
All other policies, . 21 20,066 00
New Policies Issued in 1876.
Whole-life policies, . . . . . . . 3,881 4,879,871 00
Endowment policies, 44 32,468 00
All other policies, 2 918 00
Old Policies Revived during the year.
Whole-life policies, 168 281,623 00
Endowment policies, 21 22,152 00
Total number and amount, .... 21,557 $30,324,119 00
Policies ceased to be in force during the year.
Terminated by death, ....
. 193
$234,271 00
by maturity, ...
2
1,500 00
by surrender, .
. 592
868,306 00
by lapse, ....
. 2,965
4,399,675 00
by change and decrease,
. 101
223,260 00
Not taken,
. 196
373,343 00
Total terminated, . .
. 4,049
$6,100,355 00
Policies in force December 31, 1876.
Whole-life policies, . 16,049 $23,164,378 00
Endowment policies, ...... 1,441 1,044,707 00
All other policies, 18 14,679 00
Totals, 17,508 $24,223,764 00
1876.]
OF OTHER STATES.
87
Schedule A.
Securities held as Collateral.
Market value.
Brooklyn Public Park bonds, . . . '\gi05 750 00
Nat 1 ! Shoe and Leather bank (N. Y.), .
•}|105,-
Amount loaned.
$96,240 74
United States bonds,
Brooklyn city bonds,
Peekskill (N. Y.) water bonds,
Rochester city (N. Y.) bonds,
New York city bonds,
Rochester city (N. Y.) bonds, .
Schedule B.
Stocks and Bonds owned by the Company.
Par value.
$138,000 00
62,000 00
25,000 00
38,000 00
25,000 00
35,000 00
Market value.
$152,952 50
68,480 00
27,250 00
42,180 00
25,500 00
38,500 00
$323,000 00 $354,862 50
MUTUAL LIFE INSURANCE COMPANY, NEW YORK.
[Incorporated 1843. Commenced business February 1, 1843.]
F. S. Winston, President. Secretary, Isaac F. Lloyd.
R. A. McCurdy, Vice-President. Actuary, W. H. C. Bartlett.
Principal Office, New York.
Attorney to accept service, Amos D. Smith, 3d, Boston.
Income.
Total premium income, ......
Cash received for interest on stocks, bonds and loans,
for interest on other debts due the company,
for rents of company's property, .
for profits on bonds, stocks or gold sold,
Total income,
Net or ledger assets, December 31, 1875,
Total,
$15,136,703 36
4,696,135 36
82,869 12
65,566 29
33,689 57
$20,014,963 70
. 75,414,923 42
$95,429,887 12
Disbursements.
Cash paid for losses and additions,
for matured endowments and additions,
Gross amount paid for losses and endowments,
Cash paid to annuitants,
for surrendered policies and additions,
Cash dividends paid policy-holders,
^3,751,359 20
708,099 32
£4,459,458 52
30,730 18
6,313,666 52
3,701,700 34
Total paid policy-holders,
$14,505,555 56
88
LIFE INSURANCE COMPANIES [Dec. 31,
Cash paid for commissions to agents, .
for medical examiners' fees, .
for salaries of officers and office employes,
for taxes and fees, ....
for commuting commissions,
for furniture and office fixtures, .
for advertising,
for other items; viz., contingent guarantee ac-
count, $56,160.85 ; office k and incidental ex-
penses, $194,705.08, . . .
Total disbursements,
$463,433 76
41,370 78
312,363 58
76,967 42
213,533 73
6,637 25
32,258 24
250,865 93
$15,902,986 25
Balance,
$79,526,900 87
Total, . . . • . . .
Deduct loading (25 per cent.),
Net am't of uncollected and deferred prem's
Invested in the following :—
Assets as per Ledger Accounts.
Cost value of real estate,
Loans on mortgage of real estate (first liens), .
Cost value of stocks and bonds owned (schedule A),
Cash deposited in bank,
Agents' ledger balances,
Ledger assets (as per balance),
Other Assets
Interest due and accrued,
Market value of stocks and bonds, over cost
Uncollected premiums on policies in force,
Deferred premiums on policies in force,
. $4,246,245 40
. 60,856,200 18
. 12,223,103 86
. 2,183,001 73
18,349 70
$79,526,900 87
. 1,322,294 16
450,465 47
$137,195 10
923,332 99
$1,060,528 09
265,132 02
795,396 07
Total assets per company's books,
Items not Admitted.
Agents' balances,
Total admitted assets, ....
,095,056 57
18,349 70
,076,706 87
Liabilities.
Computed premium reserve or net present value of all out-
standing policies (Actuaries' 4 per cent.) . . ." $76,218,458 00
Death losses and matured endowments in process of adjust-
ment, $610,750 00
1876.]
OF OTHER STATES.
89
Claims resisted by the company, . . . $147,500 00
Total policy claims, ....
All other liabilities : premiums paid in advance, .
Liabilities as to policy-holders, ....
Surplus as regards policy-holders,
$758,250 00
24,372 43
$77,001,080 43
. 5,075,626 44
Gross liabilities,
,076,706 87
Exhibit of Policies.
Policies in force December 31, 1875.
Number. Amount.
Whole-life policies, .72,885 $230,861,204 00
Endowment policies, ...... 19,369 49,266,721 00
All other policies, 139 153,825 00
Revisionary additions, - 24,775,471 00
New Policies Issued in 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
6,823
1,292
5
18,901,630 00
2,674,515 00
5,000 00
Old Policies JRevived during the year.
Whole-life policies, 1,020
Endowment policies, 203
All other policies, 1
Old Policies increased during the year.
Additions by dividends, .
Total number and amount,
Policies ceased to be in force during the year.
Terminated by death,
by maturity,
by expiry, .
by surrender,
by lapse,
by decrease,
Reversionary additions terminated
Not taken, ....
Total terminated,
3,350,200 00
451,840 00
1,000 00
6,743,508 00
101,737 $337,184,914 00
1,020 $3,288,080 00
176 604,135 00
4 4,000 00
4,517 14,413,880 00
2,984 8,252,170 00
338,080 00
6,412,857 00
911 2,593,675 00
9,612 $35,906,877 00
Policies in force December 31, 1876.
Whole-life policies, 74,047 $252,873,894 00
Endowment policies, 17,943 48,232,046 00
All other policies, . 135 172,097 00
Totals, 92,125 $301,278,037 00
12
90
LIFE INSURANCE COMPANIES [Dec. 31,
Schedule A.
Stocks and Bonds owned by the Company.
Par value.*
$7,473,550 00^1
50,000 00 '
118,000 00
2,405,000 00
140,500 00
56,000 00
215,000 00
500,000 00
590,000 00
500,000 00
14,000 00
1,500 00 J
United States bonds,
Cherry Valley bonds, .
Yonkers city bonds,
New York city and revenue bonds,
Buffalo city bonds, .
Elmira city bonds, .
Missouri state bonds,
Boston water bonds,
San Francisco gold bonds,
Providence gold bonds, .
Union County (N. Y.) bonds,
North Plainfield town bonds, .
Market value.
412,673,569 33
112,063,550 00 $12,673,569 33
MUTUAL BENEFIT LIFE INSURANCE COMPANY, NEWARK, N. J.
[Incorporated January 31, 1845. Commenced business April, 1845.]
Lewis C. Grover, President. Secretary, Edward A. Strong.
James B. Pearson, Vice-President. Actuary, B. J. Miller.
Principal Office, 752 Broad Street, Newark.
Attorney to accept service, James B. Niver, Boston.
Income.
Total premium income, $4,670,870 92
Cash received for interest on stocks, bonds, and loans, . 2,003,276 00
as discount on claims paid in advance, . . 1,275 84
for rents of company's property, . . . 2,187 50
for profits on bonds, stocks or gold sold, . 4,800 00
Total income, $6,682,410 26
Net or ledger assets, December 31, 1875, .... 30,190,184 26
Total,
$36,872,594 52
Disbursements.
Cash paid for losses and additions,
Premium notes or loans used in payment of same,
Cash paid for matured endowments and additions,
Premium notes or loans used in payment of same,
Gross amount paid for losses and endowments,
* Cost value, $12,223,103.86.
$1,868,086 70
124,608 78
106,321 94
9,678 06
$2,108,695 48
1876.]
OF OTHER STATES.
91
Cash paid to annuitants,
for surrendered policies,
Premium notes or loans used in purchase of surrendered
policies and voided by lapse,
Cash surrender values, including reconverted additions ap-
plied in payment of premiums,
Cash dividends paid policy-holders, $85,151.70, applied in
payment of premiums, $1,353,484.73, , .
Premium notes or loans used in payment of dividends,
Total paid policy-holders, . . . $4,534,752 53
Cash paid for commissions to agents,
for medical examiners' fees,
for salaries of officers and office employes, .
for taxes and fees,
for other items ; viz., office and incidental ex-
penses,
for premium on bonds purchased,
Total disbursements,
Balance, .
$2,596 67
362,307 07
203,093 29
272,265 41
1,438,636 43
147,158 18
356,854 28
26,202 58
88,850 00
100,497 29
79,086 36
368,530 00
>,554,773 04
$31,317,821 48
Invested in the following : —
Assets as per Ledger Accounts
Cost value of real estate, . . . .
Loans on mortgage of real estate (first liens), .
Premium notes or loans on policies in force,
Par value of stocks and bonds owned (schedule A),
Cash in company's office,
deposited in bank,
Agents' ledger balances, .....
Ledger assets (as per balance) ,
$286,383 14
12,615,948 45
5,647,079 98
11,935,198 68
20,854 56
779,222 90
33,133 77
$31,317,821 48
Other Assets
Interest due and accrued,
Market value of stocks and bonds, over par
Uncollected premiums on policies in force,
Deferred premiums on policies in force,
Total
Deduct loading (20 per cent.),
Net am't of uncollected and deferred prem's,
$144,904 88
126,212 20
$271,117 08
54,223 42
671,386 19
1,163,449 46
216,893 Q6
Total assets per company's books,
$33,369,550 79
92 LIFE INSURANCE COMPANIES [Dec. 31,
Items not Admitted.
Agents 1 balances, ' $33,133 77
Total admitted assets, . . . . ..-' . . $33,336,417 02
Liabilities.
Computed premium reserve or net present value of all
outstanding policies (Actuaries' 4 per cent.), . . $29,039,123 00
Death losses and matured endowments in
process of adjustment, .... $628,18500
Claims resisted by the company, . . . 35,000 00
Total policy claims, . ' . . . 663,185 00
Unpaid dividends of surplus due policy-holders, . . . 288,157 76
All other liabilities : premiums paid in advance, . . . 13,452 56
Liabilities as to policy-holders, .... $30,003,918 32
Surplus as regards iDolicy-holders, . . . . 3,332,498 70
Gross liabilities, $33,33,6,417 02
Premium Note Account.
Premium notes on hand, Dec. 31, 1875, . $5,843,852 88
Premium notes or loans received during 1876, 287,765 41
Total, $6,131,618 29
Used in payment of losses and claims, . . $134,286 84
of surrendered policies and
voided by lapse, . . 203,093 29
of dividends to policy-hold-
ers, .... 147,158 18
Total, 484,538 31
Balance note assets, December 31, 1876, . . . $5,647,079 98
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 39,679 $125,212,078 00
Endowment policies, 3,291 8,736,825 00
All other policies, . . . . .. . . 45 155,200 00
New Policies Issued in 1876.
Whole-life policies, 3,348 8,826,245 00
Endowment policies 264 693,285 00
All other policies, 5 9,000 00
Old Policies Revived during the year.
Whole-life policies, . 30 112,833 00
Endowment policies, 3 22,666 00
1876.]
OF OTHER STATES.
93
Old Policies Increased during the year.
Whole-life policies, 6
Endowment policies,
Total number and amount,
Policies ceased to be in force during the year.
Terminated by death,
by maturity,
by surrender,
by lapse,
by change and decrease,
by transfer, .
Not taken, ....
$1,900 00
8,500 00
.46,671 $143,778,532 00
569
32
458
1,404
591
2
308
12,119,317 00
120,500 00
1,594,248 00
3,843,050 00
3,456,432 00
7,500 00
790,500 00
Total terminated,
. 3,364 $11,931,547 00
Policies in force December 31,1876.
Whole-life policies, .
Endowment policies,
All other policies, .
.39,998 $123,436,879 00
. 3,271 8,287,906 00
38 122,200 00
Totals, .43,307 1131,846,985 00
Schedule A.
Stocks and Bonds owned
United States bonds,
Brooklyn city bonds,
Newark city bonds, .
Elizabeth city (N. J.) bonds,
Kahway city (N. J.) bonds,
Utica city (N. Y.) bonds,
Springfield city (111.) bonds,
Orange city (N. J.) bonds,
Auburn city (N. Y.) bonds,
Jersey City bonds, .
Dayton city (Ohio) bonds,
Cleveland city (Ohio) bonds,
New Brunswick city (N. J.) bonds
Erie city (Pa.) bonds,
Toledo city (Ohio) bonds,
South Bend city (Ind.) bonds,
Lafayette city (Ind.) bonds,
Sandusky city (Ohio) bonds,
Dover city (N. J.) bonds,
Essex County (N. J.) bonds,
Union County (N. J.) bonds,
by the Company.
Par value.
$3,318,000 00
65,000 00
3,390,000 00
551,000 00
121,000 00
145,000 00
89,000 00
80,000 00
150,000 00
50,000 00
130,000 00
594,500 00
14,000 00
152,000 00
173,000 00
61,500 00
160,000 00
100,000 00
5,000 00
2,148,000 00
142,000 00
Market value.
$3,830,247 50
70,900 00
3,713,100 00
551,000 00
121,000 00
152,250 00
94,340 00
84,000 00
157,500 00
55,000 00
137,800 00
636,115 00
14,000 00
152,000 00
181,650 00
64,575 00
168,000 00
104,000 00
5,000 00
2,362,800 00
142,000 00
94
LIFE INSURANCE COMPANIES [Dec. 31.
West Orange township (N. J.) bonds,
East Orange township (N. J.) bonds,
Massachusetts state bonds,
$123,000 00 $123,000 00
172,398 68 177,570 64
800 00 800 00
$11,935,198 68 $13,098,648 14
NATIONAL LIFE INSURANCE COMPANY, MONTPELIER, VT.
[Incorporated November 13, 1848. Commenced business February 1, 1850.]
Paid-up Capital, $66,000.
Julius Y. Dewey, President. Secretary, Geo. W. Reed.
Charles Dewey, Vice-President. Actuary, Edward Dewey.
Principal Office, State Street, Montpelier.
Attorney to accept service, James T. Phelps, Boston.
Income.
Total premium income, $275,842 48
Cash received for interest on stocks, bonds and loans, . . 101,956 95
for interest on other debts clue the company, . 788 70
as discount on claims paid in advance, . . 372 74
for rents of company's property, . . . 978 30
Total income,
Net or ledger assets, December 31, 1875,
Total,
. $379,939 17
. 1,835,164 48
$2,215,103 65
$77,417 39
244 92
7,175 00
Disbursements.
Cash paid for losses and additions, ....
Premium notes or loans used in payment of same,
Cash paid for matured endowments and additions,
Gross amount paid for losses and endowments, , . $84,837 31
Cash paid to annuitants, 1,204 22
for surrendered policies, 39,494 21
Premium notes or loans used in purchase of surrendered
policies and voided by lapse, 4,483 11
Cash dividends paid policy-holders, . . . . . 47,235 13
Premium notes or loans used in payment of dividends, . 1,979 88
Total paid policy-holders, . . . $179,233 86
Cash paid for dividends to stockholders, .... 2,665 00
for commissions to agents, . . . . . 24,712 98
for salaries and travelling expenses of agents, . 5,686 28
for medical examiners' fees, 1 ,266 40
1876.]
OF OTHER STATES.
95
Cash paid for salaries of officers and office employes, .
for taxes and fees,
for rent,
for advertising,
for office and incidental expenses,
Total disbursements,
,795 92
1,815 87
2,199 92
135 50
3,302 77
$231,814 50
Balance,
Invested in the following : —
Assets as per Ledger Accounts.
Cost value of real estate,
Loans on mortgage of real estate (first liens),
on collateral security (schedule A), .
on company's policies assigned as collateral,
Premium notes or loans on policies in force, .
Par value of stocks and bonds owned (schedule B),
Cash in company's office,
deposited in bank,
Agents' ledger balances,
Vermont Mutual Fire Ins. Co.'s acceptances, $39,815.41
postage stamps, $197,
Ledger assets (as per balance) ,
Other Assets.
Interest due and accrued, .
Market value of stocks and bonds over par, .
Uncollected premiums on policies in force, .
Deferred premiums on policies in force,
fl,983,289 15
$17,100 00
881,220 52
47,100 00
6,893 11
28,661 06
849,850 00
1,837 47
62,450 32
48,164 26
40,012 41
,983,289 15
Total,
Deduct loading (15 per cent.),
Net amount of uncollected and deferred pre-
miums,
Total assets per company's books, .
$11,736 13
18,796 98
$30,533 11
4,579 97
70,038 49
45,217 50
25,953 14
52,124,498 28
Items not Admitted.
Agents' balances,
Total admitted assets,
48,164 26
1,076,334 02
Liabilities.
Computed premium reserve or net present value of all out-
standing policies (Actuaries' 4 per cent.), . . . $1,320,968 00
96 LIFE INSUEANCE COMPANIES [Dec. 31,
Death losses due and unpaid, .... $1,000 00
Death losses and matured endowments in
process of adjustment, .... 38,500 00
Total policy claims, $39,500 00
Unpaid dividends of surplus due policy-holders, . . . 45,454 15
due stockholders, 500 00
All other liabilities, premiums paid in advance, . . . 4,493 00
Liabilities as to policy-holders, .... $1,410,915 15
Surplus as regards policy-holders, 665,418 87
$244 92
$35,430 65
4,483 11
1,979 88
61 68
6,769 59
■ t •
$28,661 06
Gross liabilities, $2,076,334 02
Premium Note Account.
Premium notes on hand, Dec. 31, 1875, . . $31,935 01
" " or loans received during 1876, 3,495 64
Total, .
Used in payment of losses and claims, .
of surrendered policies and
voided by lapse,
of dividends to policy-hold-
ers,
Redeemed by maker in cash, ....
Total,
Balance note assets, December 31, 1876, .
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, . . . . . . . 4,320 $9,233,657 00
Endowment policies, 302 495,951 00
All other policies, 29 115,500 00
Reversionary additions, - 74,428 00
New Policies Issued in 1876.
Whole-life policies, 365 1,036,940 00
Endowment policies, 8 t 14,000 00
All other policies, 8 43,000 00
Old Policies Revived during the year.
Whole-life policies, .... ... 7 9,000 00
Old Policies Increased during the year.
Whole-life policies, . . . .. . . . - 6,500 00
Additions by dividends, - - 1,751 00
Total number and amount, .... 5,039 $11,030,727 00
1876.]
OF OTHER STATES.
97
Policies ceased to be in force during the year.
Terminated by death,
by maturity,
by expiry, .
by surrender,
by lapse,
by change and decrease,
Not taken,
7
1
202
264
4
44
Total terminated,
Policies in force December 31, 1876.
Whole-life policies, 4,166
Endowment policies, . .... 290
All other policies, . 28
Reversionary additions, .
$77,662 00
7,175 00
5,000 00
536,488 00
587,246 00
237,775 00
139,000 00
555 $1,590,346 00
5,794,503 00
473,819 00
98,500 00
73,559 00
Totals, 4,484
1,440,381 00
Vermont Nat'l Bank, St. Albans,
United States bonds,
First Nat'l Bank, Montpelier,
Schedule A.
Securities held as Collateral.
Market value.
$11,625 00
339 00
Montpelier Nat'l Bank, .
St. Albans Trust Co. notes,
6,000 00
1,950 00
3,000 00
1,600 00
30,700 00
}
Amount loaned.
$9,300 00
300 00
4,000 00
1,600 00
1,900 00
30,000 00
$55,214 00 $47,100 00
Schedule B.
Stocks and Bonds owned by
United States bonds,
New Hampshire state bonds,
Maine state bonds, .
Missouri state bonds,
Boston city bonds, .
Lawrence city bonds,
Worcester city bonds,
Fitchburg city bonds,
Chelsea city bonds, .
Somerville city bonds,
Beverly town bonds,
Burlington (Vt.) town bonds,
Cincinnati (O.) city bonds,
13
the Company.
Par value.
$238,000 00
20,000 00
5,000 00
11,000 00
10,000 00
20,000 00
20,000 00
60,000 00
37,000 00
30,000 00
25,000 00
60,000 00
25,000 00
Market value.
$271,097 50
20,000 00
5,000 00
11,000 00
10,000 00
20,000 00
20,000 00
60,000 00
37,000 00
30,000 00
25,000 00
60,000 00
25,000 00
98
LIFE INSURANCE COMPANIES [Dec. 31,
Columbus (O.) city bonds,
Indianapolis (Ind.) city bonds,
St. Paul (Minn.) city bonds, .
Springfield (111.) city bonds, .
Meriden (Ct.) city bonds,
Hamilton county (Ind.) bonds,
St. Louis county (Mo.) bonds,
Montpelier (Vt.) town bonds,
Cambridge (Vt.) town bonds,
Essex (Vt.) town bonds,
Jericho (Vt.) town bonds,
Johnson (Vt.) town bonds,
Underhill (Vt.) town bonds, .
First ISTat'l Bank stock, Montpelier,
Montpelier Nat'l Bank, .
Bank of St. Albans,
$25,000 00
35,000 00
10,000 00
15,000 00
43,000 00
10,000 00
20,000 00
30,000 00
15,000 00
20,000 00
22,900 00
2,000 00
17,000 00
21,000 00
2,700 00
250 00
$25,000 00
35,000 00
10,000 00
15,000 00
43,000 00
10,000 00
20,000 00
30,000 00
15,000 00
20,000 00
22,900 00
2,000 00
17,000 00
31,500 00
4,320 00
250 00
$849,850 00 $895,067 50
NATIONAL LIFE INSURANCE COMPANY, OF THE UNITED
STATES OF AMERICA, WASHINGTON, D. C.
[Incorporated July 25, 1868. Commenced business August 1, 1868.]
Paid-up Capital, $1,000,000.
Emerson W. Peet, President. Secretary, John M. Butler.
J. A. Ellis, Vice-President. Actuary, E. W. Peet.
Principal Office, Chicago, III.
Attorney to accept service, L. M. Miller, Boston.
Income.
Total premium income, . . . . . .
Cash received for interest on stocks, bonds and loans, .
for interest on other debts due the company,
for rents of company's property, .
for profits on bonds, stocks or gold sold,
Premiums received for re-insurance,
Total income,
Net or ledger assets, December 31, 1875,
Total,
Disbursements.
Cash paid for losses and additions,
Premium notes or loans used in payment of same,
Cash paid for matured endowments and additions,
Gross amount paid for losses and endowments,
Received for losses and claims on policies re-insured,
Net amount paid for losses and endowments,
$743,683 81
178,418 67
2,637 80
14,509 45
5,861 24
4,449 40
$949,560 37
3,686,136 01
$4,635,696 38
$229,783 53
1,360 29
555 00
$231,698 82
15,000 00
$216,698 82
1876.]
OF OTHER STATES.
99
Cash paid to annuitants,
for surrendered policies, . . . . .
Premium notes or loans used in purchase of surrendered
policies and voided by lapse, . . . .
Cash surrender values, including re-converted additions
applied in payment of premiums,
$392,753 83
Total paid policy-holders,
Cash paid for commissions to agents, ....
for salaries and travelling expenses of agents,
for medical examiners 1 fees, .
for salaries of officers and office employes,
for taxes and fees,
for rent, .
for commuting commissions, .
for furniture and office fixtures,
for advertising,
for other items ; viz., real estate expenses,
$2,597.51 ; bills payable, $8,960.16 ; profit and
loss, $25,610.77 ; office and incidental expenses,
$24,358.20,
Total disbursements,
Balance, .
Invested in the following : —
Assets as per Ledger Accounts
Cost value of real estate, .....
Loans on mortgages of real estate (first liens) , .
on collateral security (schedule A), .
on company's policies assigned as collateral,
Premium notes or loans on policies in force, .
Cost value of stocks and bonds owned (schedule B),
Cash in company's office,
Cash deposited in bank,
Bills receivable,
Agents 1 ledger balances,
Commuted commissions, $22,385.86 ; office furniture,
$1,144 00
58,039 00
8,706 72
108,165 29
64,278 07
26,260 10
8,125 37
37,164 65
15,820 15
6,670 97
24,896 59
5,654 64
8,127 50
$3,000,
Ledger assets (as per balance),
Deduct depreciation from cost of assets,
Total net or ledger assets,
61,526 64
. $651,278 51
$3,984,417 87
$505,902 80
2,409,767 58
240,479 80
4,791 44
54,621 91
575,723 01
2,925 37
131,022 63
4,448 25
29,349 22
25,385 86
$3,984,417 87
. *156,029 74
1,828,388 13
* Real estate, $101,052 80
Loans on mortgage, . . . . 33,104 42
Loans on collateral 16,916 60
Bills receivable, 2,075 97
Ledger balances, 2,879 95
$156,029 74
100
LIFE INSURANCE COMPANIES [Dec. 31
Other Assets.
Interest due and accrued, ....
Rents due and accrued,
Market value of stocks and bonds over cost, .
Uncollected premiums on policies in force, .
Deferred premiums on policies in force, .
,815 57
73,097 66
Total, ' . $123,913 23
Deduct loading (10-}- per cent.), . .' . 12,413 44
Net am't of uncollected and deferred prem's,
Total assets per company's books, . . . J
$72,666 46
927 00
3,620 16
111,499 79
1,017,101 54
Items not Admitted.
Furniture and fixtures, .
Commuted commissions,
Agents' balances, .
Bills receivable,
Total,
Total admitted assets,
$3,000 00
22,385 86
26,469 27
2,372 28
54,227 41
5,962,874 13
Liabilities.
Computed premium reserve or net present value of all out-
standing policies (Actuaries' 4 per cent.), . $3,332,120 00
Deduct net value of re-insured risks,
Net re-insurance reserve,
Death losses and matured endowments in
process of adjustment,
Claims resisted by the company, .
Total policy claims, ....
Premiums paid in advance,
Forfeited policies liable to restoration, .
Liabilities as to policy-holders,
Surplus as regards policy-holders, .
Gross liabilities, ....
67,514 00
-*3,264,606 00
,858 60
21,500 00
88,358 60
29,068 82
14,467 77
5,396,501 19
566,372 94
5,962,874 13
Premium Note Account.
Premium notes on hand, Dec. 31 , 1875, . . $62,443 25
or loans received during 1876, 17,222 70
Total, $79,665 95
Used in payment of losses and claims, . . $1,360 29
of surrendered policies and
voided by lapse, . . 8,706 72
* As computed by the company (interest at 6 per cent.), $2,466,373.
1876.]
OF OTHER STATES.
101
Redeemed by maker in cash, .
Total, .
$10,185 59
Balance note assets, December 31, 1876,
,252 60
$59,413 35
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 9,265 $19,489,362 00
Endowment policies, 1,434
All other policies, . 246
Return premiums, -
New Policies Issued in 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
Return premiums, .
Total number and amount,
Policies ceased to be in force during the year.
Terminated by death,
by maturity, .
by expiry, .
by surrender,
by lapse,
by change and decrease,
Not taken, ....
1,668
170
164
2,029,988 00
787,144 00
635,450 00
3,714,499 00
239,268 00
489,500 00
9,749 00
. 12,947 $27,394,960 00
. 108
$232,368 00
1
555 00
29
83,500 00
. 360
823,546 00
1,503
2,977,724 00
435
1,226,674 00
, 168
431,592 00
2,604
$5,775,959 00
Total terminated,
Policies in force December 31, 1876.
Whole-life policies, ....... 8,712 $18,349,838 00
Endowment policies, 1,363 1,868,820 00
All other policies, 268 755,144 00
Return premiums, - 645,199 00
Totals, 10,343 $21,619,001 00
Schedule A.
Securities held as Collateral.
Market value. Amount loaned.
1225 shares Excelsior Life Ins. Co., . . $19,851 20 $36,767 80
8 " Union Savings Bank C.R. (Iowa), 800 00 400 00
Assignment of mortgage, .... 223,000 00 50,025 00
20 shares 1st Nat'l Bank, Nashville, . \
4 " Stone R. Nat'l B'k, Murfreesboro',/
2,400 00
1,800 00
102
LIFE INSURANCE COMPANIES [Dec. 31,
400 shares 111. Staats Zeitung Co., .
Policy assigned, ....
500 shares 1st Natl Bank, Chicago,
Policy assigned, ....
2000 shares W. Chicago Land Co., .
202 " Westinghouse Air Brake Co
400 " Kirby Carpenter Mfg. Co.,
Chicago City certificates,
Assignment of mortgage,
$30,000 00
1,787 00
87,500 00
1,280 00
100,000 00
10,200 00
40,000 00
1,117 93
2,618 76
20,000 00
787 00
50,000 00
700 00
50,000 00
8,000 00
20,000 00
1,000 00
1,000 00
$520,554 89 $240,479 80
Schedule B.
Stocks and Bonds owned by the Company.
Cost value.
United States bonds, $457,825 75
Virginia State bonds,
Chicago City Park bonds,
Detroit Car Loan Co. stock,
Arapahoe Co. (Col.) bonds,
Cedar Rapids City (Iowa) bonds,
13,447 26
101,200 00
1,500 00
750 00
1,000 00
Market value.
$466,643 75
5,549 42
104,500 00
750 00
900 00
1,000 00
$575,723 01 $579,343 17
NEW YORK LIFE INSURANCE COMPANY, NEW YORK.
[Incorporated 1841. Commenced business 1845.]
Morris Franklin, President.
Vice-President and Actuary, Wm. H. Beers.
Principal Office, 346 and 348 Broadway.
Attorneys to accept service, Geo. L. Stocking and Jas. R. Austin, Boston.
Income.
Total premium income, $5,855,148 71
Cash received for interest on stocks, bonds and loans, . 2,065,213 03
for interest on other debts due the company, 31,685 35
for rents of company's property, . . . 67,182 43
Total . $8,019,229 52
Less interest accrued, January 1, 1876, .... 257,130 86
Total income, . . .
Net or ledger assets, December 31, 1875,
. $7,762,098 66
. 30,166,902 69
Total, .$37,929,001 35
1876.]
OF OTHER STATES.
103
Disbursements.
Cash paid for losses and additions, ....
Premium notes or loans used in payment of same,
Cash paid for matured endowments and additions,
Premium notes or loans used in payment of same,
Gross amount paid for losses and endowments, .
Received for losses and claims on policies re-insured,
Net amount paid for losses and endowments,
Cash paid to annuitants,
for surrendered policies, ....
Premium notes or loans used in purchase of surrendered
policies and voided by lapse,
Cash dividends paid policy-holders, . .
Premium notes or loans used in payment of dividends,
Total paid policy-holders, . . . $4,242,867 64
Cash paid for commissions to agents, ....
for salaries and travelling expenses of agents,
for medical examiners 1 fees,
for salaries of officers and office employes,
for taxes and fees,
for advertising,
for office and agency expenses, .
Reductions of premiums on stocks and bonds,
Total disbursements, ......
$1,571,780 94
20,867 48
86,871 10
1,419 40
$1,680,938 92
45,000 00
$1,635,938 92
90,247 56
1,044,056 46
63,315 66
1,385,569 04
23,740 00
Balance,
222,110 67
57,000 00
41,491 03
167,659 78
62,078 25
40,543 41
158,812 86
205,539 51
. $5,198,103 15
$32,730,898 20
Invested in the following : —
Assets as per Ledger Accounts.
Cost value of real estate, ....
Loans on mortgage of real estate (first liens),
Premium notes or loans on policies in force,
Cost value of stocks and bonds owned (schedule A),
Cash in company's office,
Cash deposited in bank, .
Agents 1 ledger balances,
Interest due and accrued,
Rents due and accrued, .
Uncollected premiums on policies in force,
Deferred premiums on policies in force,
Ledger assets (as per balance,)
}
$2,541,576 46
17,354,837 84
781,585 39
9,730,529 91
1,427,933 18
36,154 19
292,082 51
8,476 17
125,027 15
432,695 40
♦$32,730,898 20
* By deducting from income, interest due and accrued, and deferred and outstanding pre-
miums, the balance may be drawn the same as in other companies.
104
LIFE INSURANCE COMPANIES [Dec. 31,
Other Assets.
Market value of stocks and bonds, over cost,
Total,
Deduct loading on uncollected and deferred premiums,
Total assets per company's books,
Items not Admitted.
Agents' balances,
. $580,515 76
$33,311,413 96
111,544 51
$33,199,869 45
36,154 19
Total admitted assets, .
$33,163,715 26
Liabilities.
Computed] premium reserve or net present
value of all outstanding policies (Actua-
ries' 4 per cent.), ....
Deduct net value of re-insured risks, .
Net re-insurance reserve, .
Death losses and matured endowments in
process of adjustment,
Claims resisted by the company,.
Total policy claims,
Premiums paid in advance, .
Liability under three months' clause, .
Liabilities as to policy-holders,
Surplus as regards policy-holders,
Gross liabilities, ....
Estimated surplus accrued on tontine or
other policies, the profits upon which are
especially reserved for that class of
policies,
,884,871 00
201,218 00
■$28,683,653 00
$418,393 19
97,200 00
515,593 19
17,038 32
10,000 00
$29,226,284 51
. 3,937,430 75
$33,163,715 26
$517,504 84
Premium Note Account.
Premium notes on hand, Dec. 31, 1875, . $885,728 82
or loans received during 1876, 17,590 60
Total, . $903,319 42
Used in payment of losses and claims, . $22,286 88
of surrendered policies and
voided by lapse, . . 63,315 66
of dividends to policy-hold-
ers,. . . . . 23,740 00
Redeemed by maker in cash, . . . 12,391 49
Total, . . . . . . . 121,734 03
Balance note assets, December 31, 1876, . . . $781,585 39
1876.]
OF OTHER STATES.
105
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, . . . . . . • . 35,946 $104,609,000 00
Endowment policies, . . . ' . . . 8,549 19,433,416 00
All other policies, 166 95,590 00
Reversionary additions, - 1,994,113 00
New Policies Issued in 1876.
Whole-life policies 5,100 14,710,809 00
Endowment policies, ... . . . 1,247 3,705,67000
All other policies, 108 8,000 00
Old Policies Revived during the year.
Whole-life policies, 54
Endowment policies, 5
Old Policies Increased during the year.
Whole-life policies, -
Endowment policies, -
Additions by dividends,
161,850 00
5,000 00
13,106 00
37,587 00
1,420,089 00
Total number and amount,
. 51,175 $146,194,230 00
Policies ceased to be in force during the year.
Terminated by death,
by maturity,
by expiry, .
by surrender,
by lapse,
change and decrease, .
Not taken,
557
$1,622,875 00
39
81,125 00
13
12,346 00
1,647
6,074,838 00
2,823
7,740,158 00
-
407,664 00
675
2,506,751 00
Total terminated,
. 5,754 $18,445,757 00
Policies in force December 31, 1876.
Whole-life policies, . . . . . . . 36,437 $105,441,392 00
Endowment policies, 8,728 20,051,534 00
All other policies, 256 77,590 00
Reversionary additions, - 2,177,957 00
Totals, 45,421 $127,748,473 00
Schedule A.
Stocks and Bonds owned by the Company.
Cost value.
Merchants' Bank stock, N. Y., . . . $15,758 75
Bank of America stock, N. Y., 8,484 00
14
Market value.
$16,100 00
10,164 00
106
LIFE INSURANCE COMPANIES [Dec. 31,
Bank of the Republic stock, 1ST. Y.,
American Exchange Bank stock, N. Y.,
Metropolitan Bank stock, N. Y.,
Central Park loan, ....
Del. and Hudson Canal stock,
" " bonds,
New York city street opening bonds,
" county bounty bonds,
" city consolidated bonds,
" county consolidated bonds,
" city bonds,
N. Y. Central and H. R. R. R. bonds,
N. Y. and Harlem consolidated bonds,
Brooklyn city bonds,
Jersey City bonds, .
Yonkers town bonds,
Newark city bonds, .
Flushing water bonds,
Rensselaer and Saratoga R. R. bonds,
East Chester bonds,
Richmond city bonds,
Tennessee state bonds, .
Georgia state bonds,
Alabama state bonds,
So. Carolina state bonds,
Mississippi state warrants,
United States bonds,
$1,470 00
10,125 00
5,381 25
25,233 75
44,800 00
400,000 00
549,967 10
41,104 00
645,596 25
113,928 75
60,000 00
1,019,382 50
1,074,075 00
983,144 80
442,425 00
178,479 16
129,875 00
77,600 00
9,519 92
5,000 00
46,250 00
8,000 00
2,730 00
15,840 00
8,960 00
15,285 71
3,792,113 97
$1,470 00
10,500 00
6,400 00
26,750 00
44,800 00
400,000 00
576,110 00
42,000 00
745,875 00
131,625 00
60,000 00
1,170,000 00
1,178,333 33
1,024,700 00
450,590 00
183,700 00
131,210 00
80,000 00
10,155 00
5,000 00
56,500 00
8,000 00
3,500 00
15,840 00
8,960 00
20,000 00
3,892,763 34
1,730,529 91 $10,311,045 67
NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY,
MILWAUKEE, WIS.
[Incorporated March, 1857. Commenced business November 25, 1858.]
H. L. Palmer, President. Secretary, Willard Merrill.
Matthew Keenan, Vice-President. Actuary, Emory McClintock.
Principal Office, Milwaukee.
Attorney to accept service, E. J. Smith, Boston.
Income.
Total premium income, $2,565,805 47
Cash received for interest on stocks, bonds and loans, . . 1,307,597 44
for interest on other debts due the company, 43,279 43
as discount on claims paid in advance, . . 37 51
for rents of company's property, . . . 8,652 40
Total income, $3,925,372 25
1876.]
OF OTHER STATES.
107
Net or ledger assets, December 31, 1875,
Total,
$16,206,998 50
Disbursements.
Cash paid for losses and additions,
Premium notes or loans used in payment of same,
Cash paid for matured endowments and additions,
Premium notes or loans used in payment of same,
Gross amount paid for losses and endowments, .
Cash paid for surrendered policies,
Premium notes or loans used in purchase of surrendered
policies and voided by lapse,
Cash surrender values, including re-converted additions ap-
plied in payment of premiums,
Cash dividends paid policy-holders, $38,205.16 ; applied in
payment of premiums, $245,599.92, . . . . .
Premium notes or loans used in payment of dividends,
Total paid policy-holders, . . . $2,412,093 70
Cash paid for commissions to agents, ....
for salaries and travelling expenses of agents,
for medical examiners' fees,
for salaries of officers and office employes,
for taxes and fees,
for rent,
for commuting commissions,
for furniture and office fixtures, .
for advertising,
for other items; viz., office and incidental ex-
penses,
Profit and loss account,
Total disbursements,
Balance, ....
$20,132,370 75
. $801,454 01
71,411 50
73,968 04
18,062 52
. $964,896 07
226,750 49
314,042 24
80,946 23
283,805 08
541,653 59
190,122 01
49,641 18
13,163 17
102,361 33
*13,126 57
9,790 71
13,647 85
1,181 26
3,168 20
68,939 84
77,997 39
Invested in the following : —
Assets as per Ledger Accounts.
Cost value of real estate,
Loans on mortgage of real estate (first liens), .
Premium notes or loans on policies in force,
Cost value of stocks and bonds owned (schedule A),
Cash in company's office,
. $2,955,233 21
$17,177,137 54
$644,906 78
11,605,627 99
3,825,551 16
339,833 90
124,593 43
* Total taxes paid, .
Deducted from dividends,
$32,233 29
19,106 72
$13,126 57
108 LIFE INSURANCE COMPANIES [Dec. 31,
Cash deposited in bank, $637,414 95
Bills receivable, 19,430 65
Ledger balances, 40,031 55
Office furniture, 7,500 00
Ledger assets (as per balance), .... $17,244,89041
Deduct depreciation from cost of assets, .... 67,752 87
Total net or ledger assets, $17,177,137 54
Other Assets.
Interest due and accrued, ....... 587,362 08
Rents due and accrued, 391 43
Market value of stocks and bonds, over cost, . . . 24,541 10
Uncollected premiums on policies in force, $115,627 04
Deferred premiums on policies in force, . 248,896 77
Total, $364,523 81
Deduct loading (25 per cent.), . . . 91,130 94
Net am't of uncollected and deferred prem's, 273,392 87
Total assets per company's books, . . . $ 18,062,825 02
Items not Admitted.
Furniture and fixtures, $7,500 00
Ledger balances, 40,031 55
Bills receivable, 19,430 65
Total, 66,962 20
Total admitted assets, $17,995,862 82
Liabilities.
Computed premium reserve or net present value of all out-
standing policies (Actuaries 1 4 per cent.), . . . $15,165,760 00
Death losses and matured endowments in
process of adjustment, .... $170,637 05
Claims resisted by the company, . . . 34,000 00
Total policy claims, .... — 204,637 05
Due for taxes and fees, 12,553 00
Accrued commissions, 1,500 00
Premiums paid in advance, 19,584 95
Reserve on lapsed policies, entitled to paid-up policies, . 16,786 00
Liabilities as to policy-holders, .... $15,420,82100
Surplus as regards policy-holders, . . . . 2,575,041 82
Gross liabilities, $17,995,862 82
1876.]
OF OTHER STATES.
109
Premium Note Account.
Premium notes on hand, Dec. 31, 1875, . . $4,142,979 07
or loans received during 1876, 650,634 65
Total, $4,793,613 72
Used in payment of losses and claims, . $89,474 02
of surrendered policies and
voided by lapse, . . 314,042 24
of dividends to policy-hold-
ers, .... 541,653 59
Redeemed by maker in cash, . . . 22,892 71
Total, 968,062 56
Balance note assets, December 31, 1876, . . . $3,825,551 16
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Nnmber. Amount.
Whole-life policies, 26,530 $51,873,633 00
Endowment policies, 9,162 13,662,530 00
All other policies, . . . . . .736 1,588,052 00
New Policies Issued in 1876.
Whole-life policies, 4,304 10,250,079 00
Endowment policies, 566 847,704 00
All other policies, 98 306,943 00
Old Policies Bevived during the year.
Whole-life policies, . 298 690,175 00
Endowment policies, 73 102,050 00
All other policies, 8 25,000 00
Old Policies increased during the year.
Additions by dividends,
Total number and amount,
153,878 00
. 41,775 $79,500,044 00
Policies ceased to be in force during the year.
Terminated by death,
by maturity,
by expiry, .
by surrender,
by lapse,
by change and decrease,
Not taken,
391
$902,417 00
83
95,731 00
1
125,117 00
. 983
1,653,042 00
3,197
7,249,619 00
23
373,658 00
641
1,607,269 00
Total terminated,
. 5,319 $12,006,853 00
110 LIFE INSURANCE COMPANIES [Dec. 31,
Policies in force December 31, 1876.
Whole-life policies, . . ... . . . 26,985 § 53,026,057 00
Endowment policies, 8,781 12,941,093 00
All other policies, 690 1,526,041 00
4
Totals, 36,456 $67,493,191 00
Schedule A.
Stocks and Bonds owned by the Company.
Par value.* Market value.
United States bonds, $280,000 00 >|
Green Bay city (Wis.) bonds, . . . 23,900 00 I ^075 959 qo
Pope county (Minn.) bonds, . ... . 5,000 00 I
Gale Trempeleau Co. (Wis.) bridge bonds, . 5,000 00 J
$313,900 00 $375,259 08
PENN MUTUAL LIFE INSURANCE COMPANY, PHILADELPHIA,
PENN.
[Incorporated February 24, 1847. Commenced business May 25, 1847.]
Samuel C. Huey, President, Secretary, Henry Austie.
H. S. Stevens, Vice-President. Actuary, James W. Mason.
Principal Office, 921 Chestnut St.
Attorney to accept service, Lewis G. Lowe, Bridgewater.
Income.
Total premium income, $1,173,394 91
Cash received for interest on stocks, bonds and loans, . . 309,434 19
for interest on other debts due the company, . 5,708 97
for rents of company's property, . . 3,648 74
Total income, . . $1,492,186 81
Net or ledger assets, December 31, 1875, .... 5,230,588 28
Total, $6,722,775 09
Disbursements.
Cash paid for losses and additions, $360,509 53
Premium notes or loans used in payment of same, . . 14,180 00
Cash paid for matured endowments and additions, . . 11,821 06
Premium notes or loans used in payment of same, . . 528 94
Gross amount paid for losses and endowments, . ' . $387,039 53
* Cost value, $339,833.90.
Ill
$10,000 00
$377,039 53
148,579 27
46,999 47
237,666 89
92,074 65
1876.] OF OTHEE STATES.
Received for losses and claims on policies re-insured, .
Net amount paid for losses and endowments,
Cash paid for surrendered policies,
Premium notes or loans used in purchase of surrendered
policies and voided by lapse,
Cash dividends paid policy-holders, $105,029 ; applied in
payment of premiums, $132,637.89,
Premium notes or loans used in payment of dividends,
Total paid policy-holders, . . . $902,359 81
Cash paid for commissions to agents, 91,488 07
for salaries and travelling expenses of agents, . 25,034 56
for medical examiners' fees, 13,022 71
for salaries of officers and office employes, . . 33,429 99
for taxes and fees, ....... 11,074 24
for rent, 7,897 94
for commuting commissions, 385 72
for agency expenses, 17,216 44
for legal expenses, 4,402 84
for advertising, 15,021 05
for other items ; viz., fire insurance, $1,654.58 ;
office and incidental expenses, $16,919 55, . . 18,574 13
Total disbursements, $1,139,907 50
Balance, $5,582,867 59
Invested in the following : —
Assets as per Ledger Accounts
Cost value of real estate,
Loans on mortgage of real estate (first liens),
on collateral security (schedule A),
on company's policies assigned as collateral,
Premium notes or loans on policies in force, .
Cost value of stocks and bonds owned (schedule B),
Cash in company's office,
Cash deposited in bank, .
Bills receivable,
Agents' ledger balances, .
Office furniture,
Ledger assets (as per balance) ,
$387,952 98
2,313,662 53
149,376 05
17;669 29
722,384 35
1,825,941 11
349 05
122,627 96
600 00
28,951 26
13,353 01
15,582,867 59
Other Assets.
Interest due and accrued, .
Rents due and accrued, .
Market value of real estate, over cost, .
89,387 39
1,500 00
16,927 27
112 LIFE INSURANCE COMPANIES [Dec. 31
Market value of stocks and bonds, over cost, . . . $143,803 37
Uncollected premiums on policies in force, . $77,891 76
Deferred premiums on policies in force, . 54,009 15
Total, $131,900 91
Deduct loading (20 per cent.), . . . 26,380 16
Net am't of uncollected and deferred prem's, $105,520 75
Total assets per company's books, .... $5,940,006 37
Items not Admitted.
Furniture and fixtures, $13,353 01
Agents 1 balances, 28,951 26
Bills receivable, 600 00
Total, 42,904 27
Total admitted assets, $5,897,102 10
Liabilities.
Computed premium reserve or net present
value of all outstanding policies (Actua-
ries' 4 per cent), $4,981,998 00
Deduct net value of re-insured risks, . . 58,840 00
Net re-insurance reserve, .... $4,923,158 00
Death losses and matured endowments in process of adjust-
ment, 101,796 00
Unpaid dividends of surplus due policy-holders, . . . 35,761 09
All other liabilities : life rate endowment fund, . . . 5,446 05
Liabilities as to policy-holders, .... $5,066,161 14
Surplus as regards policy-holders, 830,940 96
Gross liabilities, \ " . $5,897,102 10
Premium Note Account.
Premium notes on Dec. 31, 1875, . . . $700,354 93
or loans received during 1876, 194,884 66
Total . . $895,239 59
Used in payment of losses and claims, . . f 14,708 94
of surrendered policies and
voided by lapse, . . 46,999 47
of dividends to policy-hold-
ers, 92,074 65
Redeemed by maker in cash, ... . . 19,072 18
Total, 172,855 24
Balance note assets, Dec. 31, 1876, $722,384 35
1876.]
OF OTHER STATES.
113
Exhibit of Policies.-
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, . ..... . 7,677 $23,979,514 00
Endowment policies, 1,867 4,396,825 00
All other policies 1 2,500 00
Reversionary additions, ...... - 10,828 00
New Policies Issued in 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
1,551
4,889,651 00
724
1,855,720 00
1
5,000 00
Old Policies Revived during the year.
Whole-life policies, 32 104,700 00
Endowment policies, 126 91,075 00
All other policies, . - 241 00
Old Policies increased during the year.
Whole-life policies,
Endowment policies,
Additions by dividends,
1,000 00
1,959 00
9,926 00
Total number and amount,
. 11,979 $35,348,939 00
Policies ceased to be in force during the year.
Terminated by death,
by maturity,
by expiry, .
by surrender,
by lapse,
by change and decrease,
Not taken,
Total terminated,
137
$394,338 00
7
12,350 00
1
2,500 00
313
976,827 00
568
1,582,945 00
9
182,678 00
301
1,144,000 00
1,336
$4,295,638 00
Policies in force December 31, 1876.
Whole-life policies, 8,313
Endowment policies, 2,329
All other policies, 1
Reversionary additions, , -
$25,746,921 00
5,283,547 00
5,000 00
17,833 00
Totals, ■ . . . 10,643 $31,053,301 00
15
114
LIFE INSURANCE COMPANIES [Dec. 31,
Schedule A.
Securities held as Collateral.
Market value.
North Penn. R. R. bonds, . .. . , . ',$1,075 00
Philadelphia city loan, 6s, ... 67,350 00
Loans on mortgage collaterals, w . . . 440,500 00
Amount loaned.
$800 00
43,676 05
104,900 00
$508,925 00 $149,376 05
Schedule B.
Stocks and Bonds owned by
United States reg'd bonds,
Philadelphia city loan, .
Harrisburg city water bonds, .
Allegheny city loan,
Louisville city bonds,
St. Louis city bonds,
Canton city water bonds,
Cincinnati city bonds,
Penn. R. R. mortgage bonds, .
Reading R. R. mortgage bonds,
Lehigh Valley R. R. bonds,
United Canal and R. R. bonds,
West Chester R. R. bonds,
North Penn. R. R. bonds,
Susquehanna Canal Co. bonds,
American Steamship Co. bonds,
Stony Creek R. R. bonds,
Phoenix Iron Company bonds,
Del. and Bound Brook R. R. bonds,
Illinois and St. Louis R. R. bonds, .
Masonic redemption loan,
500 shares Northern Central R. R.,
100
209
50
100
50
250
212
76
100
525
Western Nat'l Bank,
Commercial Nat'l Bank,
Girard Nat'l Bank,
Corn Exchange Nat'l Bank,
Mechanics' Bank, St. Louis,
Del. Mutual Ins. Co., .
Girard Life A. and T. Co.,
Bank of No. America, .
Centennial stock, . .- 4
Railway Pass. Ins. Co., .
Philadelphia city warrants,
the Company.
Cost value.
$379,696 00
89,830 00
50,150 00
9,000 00
50,641 40
25,030 00
30,000 00
107,427 50
100,150 00
103,000 00
50,000 00
46,250 00
75,127 60
103,625 00
48,000 00
25,000 00
49,000 00
49,500 00
100,000 00
100,000 00
100,000 00
21,923 25
6,862 50
11,035 25
2,000 00
5,000 00
4,950 50
6,250 00
5,575 38
10,168 00
1,000 00
52,500 00
7,248 73
Market value.
$401,586 75
101,025 00
60,770 00
10,800 00
62,500 00
30,000 00
33,000 00
113,400 00
115,010 00
103,000 00
57,625 00
52,000 00
82,500 00
111,400 00
51,000 00
21,000 00
51,500 00
50,000 00
103,000 00
100,000 00
105,000 00
12,500 00
8,000 00
13,585 00
3,300 00
6,700 00
5,000 00
7,500 00
11,024 00
20,520 00
500 00
57,750 00
7,248 73
,825,941 11 $1,969,744 48
1876.]
OF OTHER STATES.
115
PHCENIX MUTUAL LIFE INSURANCE COMPANY, HARTFORD,
CONN.
[Incorporated May, 1851. Commenced business May, 1851.]
Paid-up Capital, #100,000.
Aaron C. Goodman, President. Secretary, John M. Holcombe.
Jona. B. Bunce, Vice-President.
Principal Office, Hartford.
Attorney to accept service, Wm. H. Guild, Boston.
Income.
Total premium income, . . ... . . . $2,014,816 35
Cash received for interest on stocks, bonds and loans, . 662,482 40
for interest on other debts due the company, 8,815 51
for rents of company's property, . . . 965 07
for profits on bonds, stocks or gold sold, . 10,531 90
Total income, . . . . . . ' . . . $2,697,611 23
Net or ledger assets, December 31, 1875, .... 9,991,190 90
Total,
$12,688,802 13
Disbursements.
Cash paid for losses and additions,
Premium notes or loans used in payment of same,
Cash paid for matured endowments and additions,
Premium notes or loans used in payment of same,
Gross amount paid for losses and endowments, .
Cash paid for surrendered policies,
Premium notes or loans used in purchase of surrendered
policies and voided by lapse,
Cash surrender values, including re-converted additions
applied in payment of premiums,
Cash dividends paid policy-holders, applied in payment of
premiums,
Premium notes or loans used in payment of dividends,
Total paid policy-holders, .... $1,759,331 06
Cash paid for dividends to stockholders,
for commissions to agents,
for salaries and travelling expenses of agents,
for medical examiners' fees, .
for salaries of officers and office employes,
for 'taxes and fees,
for rent,
,211 27
53,581 20
19,128 52
4,271 48
$765,192 47
39,326 84
409,963 44
33,639 88
454,172 15
57,036 28
6,000 00
132,674 76
73,326 09
8,421 50
38,484 93
71,830 76
12,875 13
116
LIFE INSURANCE COMPANIES [Dec. 31
Cash paid for furniture and office fixtures, . . ... $699 06
for advertising, 4,996 66
for other items ; viz., profit and loss account,
$4,499.53 ; office and incidental expenses,
$54,364.32, 58,863 85
Total disbursements,
Balance, .
. $2,167,503 80
$10,521,298 33
Invested in the following : —
Assets as per Ledger Accounts.
Cost value of real estate,
Loans on mortgage of real estate (first liens), .
on collateral security (schedule A), .
Premium notes or loans on policies in force,
Cost value of stocks and bonds owned (schedule B)
Cash in company's office,
Cash deposited in bank,
Bills receivable,
Agents' ledger balances,
Ledger assets (as per balance), . ,
$257,883 16
6,195,955 05
48,050 00
2,982,685 00
559,078 00
660 56
412,557 42
58,285 83
6,143 31
$10,521^298 33
Other Assets.
Interest due and accrued, ....
Market value of stocks and bonds, over cost,
Uncollected premiums on policies in force, .
Deferred premiums on policies in force,
Total,
Deduct loading (25 per cent.),
Net am't of uncollected and deferred prem's,
Furniture and fixtures,
Total assets per company's book»v
$7,248 40
91,953 08
,201 48
24,800 37
224,037 59
8,149 50
74,401 11
9,839 60
,837,726 13
Items not Admitted.
Furniture and fixtures, ..... $9,839 60
Agents' balances, .
Bills receivable,
Total, .
6,143 31
58,285 83
74,268 74
Total admitted assets,
,763,457 39
1876.] OF OTHER STATES. 117
Liabilities.
Computed premium reserve or net present
value of all outstanding policies (Actua-
ries' 4 per cent.), $10,287,210 00
Deduct net value of re-insured risks, . . 4,386 00
Net re-insurance reserve, . . . 110,282,824 00
Death losses and matured endowments in
process of adjustment, .... $245,737 00
Claims resisted by the company, . . . 72,000 00
Total policy claims, .... 317,737 00
Due for salaries, rent and office expenses, .... 2,231 83
All other liabilities : premiums paid in advance, . . . 21,185 08
Liabilities as to policy-holders, .... $10,623,977 91
Surplus as regards policy-holders, .... 139,479 48
Gross liabilities, $10,763,457 39
Premium Note Account.
Premium notes on hand, Dec. 31, 1875, . $3,363,978 54
or loans received during 1876, 152,730 20
Total, $3,516,708 74
Used in payment of losses and claims, . . $57,852 68
of surrendered policies and
voided by lapse, . . 409,963 44
of dividends to policy-hold-
ers, 57,036 28
Redeemed by maker in cash, . . , 9,171 34
Total, 534,023 74
Balance note assets, December 31, 1876, . . . $2,982,685 00
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, . . 22,571 $49,677,668 00
Endowment policies, 7,710 10,466,392 00
Reversionary additions, ...... - 103,126 00
New Policies Issued in 1876.
Whole-life policies, 2,233 3,072,795 00
Endowment policies, . . . . . .932 873,484 00
All other policies 32 70,000 00
Old Policies Revived during the year.
Whole-life policies, . 173 366,357 00
Endowment policies, 90 125,288 00
118
LIFE INSURANCE COMPANIES [Dec. 31 .
Old Policies increased during the year.
Whole-life policies,
Additions by dividends,
$350 00
11,423 00
Total number and amount,
. 33,741 $64,766,883 00
Policies ceased to be in force during the year.
Terminated by death, 342 $840,939 00
by maturity,
by surrender,
by lapse,
by change and decrease,
Not taken,
Total terminated,
19 23,200 00
337 664,412 00
2,881 6,515,828 00
1,749 3,429,100 00
638 949,422 00
. 5,966 $12,422,901 00
Policies in force December 31, 1876.
Whole-life policies, 20,481 $43,060,677 00
Endowment policies, .' 7,270 9,112,256 00
All other policies, . . . . . . 24 56,500 00
Reversionary additions, ...... - 114,549 00
Totals, ........ 27,775 $52,343,982 00
Schedule A.
Securities held as Collateral.
Market value.
Quincy, Pacific & Missouri R. R. Co., .
688 shares Willimantic Linen Co., .
80 " Hartford City Gas Light Co.,
Mortgage assigned,
$35,000 00
46,096 00
3,600 00
1,200 00
Amount loaned.
$35,000 00
10,000 00
2,000 00
1,050 00
$85,896 00 $48,050 00
Schedule B.
Slocks and Bonds owned by the Company.
Cost value. Market value.
United States bonds, . ' . . . ' . $263,464 00 $274,387 50
Tennessee state bonds, . . . ' . . 19,475 00 11,700 00
Indiana Central R. R. bonds, .... 7,600 00 8,000 00
Valley Falls township bonds, .... 14,835 00 14,835 00
Mattoon city bonds, . . ' . * . . 37,970 00 39,000 00
South Minnesota R.R. bonds, . ". . . 35,000 00 10,000 00
Benton Harbor and St. Joseph school bonds, 15,000 00 15,000 00
200 shares Charter Oak Nat'l Bank, Hartford, 19,662 00 26,000 00
200 " First Nat'l Bank, Hartford, . . 22,255 00 20,400 00
35 " iEtna Nat'l Bank, Hartford, . . 3,500 00 4,375 00
100 " Mercantile Nat'l Bank, Hartford, . 6,950 00 13,000 00
1876.] OF OTHER STATES. 119
400 shares American Nat'l Bank, Hartford,
70 " Farmers' and Mech. Bank, H'tf'd,
200 " Phcenix Nat'l Bank, Hartford,
100 " First Nat'l Bank, Massillon, O.,
250 " Toledo Nat'l Bank, Toledo, O.,
50 " U. S. Trust Co., Hartford, .
284 " Hartford City Gas Light Co.,
100 " Security Co., Hartford, .
121,293 00 $28,000 00
8,724 00 8,750 00
26,000 00 31,000 00
10,000 00 13,000 00
25,000 00 22,500 00
5,000 00 5,000 00
7,350 00 12,780 00
10,000 00 9,500 00
$559,078 00 $567,227 50
PROVIDENT LIFE AND TRUST COMPANY, PHILADELPHIA, PA.
[Incorporated March 22, 1865. Commenced business July 28, 1865.]
Paid-up Capital, $500,000.
Samuel R. Shipley, President. Vice-President, Wm. C. Longstreth.
Actuary, Rowland Parry.
Principal Office, No. 108 South Fourth Street, Philadelphia.
Attorney to accept service, Gilbert C. Hoag, Boston.
Income.
Total premium income, $786,453 17
Cash received for interest on stocks, bonds and loans, . . 127,381 18
for interest on other debts due the company, . 9,875 44
for rents of company's property, . . . 7,611 59
for profits on bonds, stocks or gold sold, . 22,434 25
Total income, $954,255 63
Net or ledger assets, December 31, 1875, .... 2,931,180 66
Total, $3,885,436 29
Disbursements.
Cash paid for losses and additions, $114,824 00
for matured endowments and additions, . . 7,908 00
Gross amount'paid for losses and endowments, . . $122,732 00
Cash paid to annuitants, ...:.... 4,768 78
for surrendered policies, 46,273 09
Premium notes or loans used in purchase of surrendered
policies and voided by lapse, 2,786 79
Cash dividends paid policy-holders, $3,607.42 ; applied in
payment of premiums, $99,123.23, 102,730 65
Premium notes or loans used in payment of dividends, . 12,977 23
Total paid policy-holders, . . . $292,268 54
120
LIFE INSURANCE COMPANIES [Dec. 31,
Cash paid for commissions to agents, ....
for salaries and travelling expenses of agents,
for medical examiners' fees, .
for salaries of officers and office employes,
for taxes and fees,
for rent,
for furniture and office fixtures,
for advertising,
for agency and incidental expenses,
Total disbursements,
Balance,
Invested in the following : —
Assets as per Ledger Accounts.
Cost value of real estate,
Loans on mortgage of real estate (first liens), .
Loans on collateral security (schedule A), . .
Premium notes or loans on policies in force, .
Cost value of stocks and bonds owned (schedule B),
Cash in company's office, .....
Ledger assets (as per balance), . , ,
Deduct depreciation from cost of assets,
Total net or ledger assets, ....
Other Assets.
$64,926 39
11,892 21
4,093 00
32,139 88
10,321 73
2,726 63
1,815 40
3,167 00
17,766 25
$441,117 03
$3,444,319 26
. $283,838 79
. 872,037 81
. 666,294 25
97,289 30
. 1,505,757 95
19,101 16
$3,444,319 26
40,143 72
$3,404,175 54
Interest due and accrued,
Rents due and accrued,
Uncollected premiums on policies in force, . $63,154 00
Deferred premiums on policies in force, . 121,906 95
Total, $185,060 95
Deduct loading (20 per cent.), . . . 37,012 19
Net am't of uncollected and deferred prem's,
Furniture and fixtures,
20,368 46
1,300 00
Total assets per company's books, .
148,048 76
6,000 00
5,579,892 76
Items not Admitted.
Furniture and fixtures, .
Total admitted assets,
6,000 00
5,573,892 76
Liabilities.
Computed premium reserve or net present value of all out-
standing policies (Actuaries' 4 per cent.), . . . $2,774,199 00
1876.] OF OTHER STATES. 121
Death losses due and unpaid, .... $2,805 00
Death losses and matured endowments in
process of adjustment, ....
Due and unpaid on annuity claims,
Total policy claims,
Unpaid dividends of surplus due policy-holders
Due for salaries, rent and office expenses,
All other liabilities,
19,336 00
248 35
$22,389 35
.
8,461 42
.
225 00
5,127 25
Liabilities as to policy-holders, .... $2,810,402 02
Surplus as regards policy-holders, 763,490 74
Gross liabilities, $3,573,892 76
Premium Note Account.
Premium notes on hand, Dec. 31, 1875, . . $103,787 56
or loans received during 1876, 13,506 51
Total, $117,294 07
Used in payment of surrendered policies and
voided by lapse, . . $2,786 79
of dividends to policy-hold-
ers, 12,977 23
Redeemed by maker in cash, .... 4,240 75
Total, 20,004 77
Balance note assets, December 31, 1876, . . $97,289 30
Exhibit of Policies.
Policies and Additions in force, December 31, 1875.
Number. Amount.
Whole-life policies, 2,059 $6,292,689 00
Endowment policies, 4,282 12,685,721 00
All other policies, 115 435,950 00
Reversionary additions, - 65,050 00
New Policies Issued in 1876.
Whole-life policies,
Endowment policies,
All other policies,
Old Policies Bevived during the year.
Whole-life policies,
Endowment policies,
Increased during the year.
Endowment policies,
Additions by dividends,
Total number and amount, ... . . 7,624 $23,338,798 00
16
192
646,873 00
, 929
3,001,250 00
28
130,400 00
year.
3
4,500 00
8
18,000 00
m ^
5,010 00
8
53,355 00
122
LIFE INSURANCE COMPANIES [Dec. 31,
Policies ceased to be
Terminated by death,
by maturity,
by expiry, .
by surrender,
by lapse,
change and decrease,
Not taken, ....
Total terminated, . = .
n force during the year.
41
2
6
336
368
10
56
$128,948 00
7,908 00
22,700 00
978,889 00
1,067,865 00
115,789 00
169,500 00
819 $2,491,599 00
Policies in force December 31,1876.
Whole-life policies, . . . . ' . . 2,003
Endowment policies, 4,695
All other policies, 107
Reversionary additions, -
6,216,859 00
14,111,882 00
441,650 00
76,808 00
Totals, '. . . . ' . . . . 6,805 $20,847,199 00
Schedule A.
Securities held as Collateral.
Market value.
$5,600 00
12,380 00
Warren and Franklin R. R. bonds,
13 shares Car Trust of Penn.,
389 " Cambria Iron Co., .
32 " Pennsylvania R. R.,
50 " Sun Fire Ins. Co., .
Reading Coal and Iron Co. bonds,
Pittsburg, Cin. and St. Louis R. R. bonds,
14 shares No. Western Equip. Trust Co.,
1700 " Catawissa R. R., .
316 " Commonwealth Nat'l Bank,
120 " American Life Ins. Co.,
Millville Manufacturing Co. bonds,
1600 shares No. Pennsylvania R. R.,
1000 " Pennsylvania R. R., .
2372 " Lehigh Valley R. R., .
2500 " Penn. and N. Y. Canal & R. R.,
Indianapolis and St. Louis R. R.,
5,640 50
1,536 00
4,500 00
74,800 00
2,580 00
6,300 00
59,500 00
10,428 00^
6,000 00 /
15,000 00
78,400 00
48,000 00
113,856 00
250,000 00
129,600 00
Amount loaned.
$4,353 80
10,770 83
4,698 84
1,174 60
2,937 00
55,222 90
2,055 55
5,824 06
54,816 67
14,685 00
9,755 00
64,000 00
40,000 00
100,644 45
195,355 55
100,000 00
24,120 50 $666,294 25
Schedule B.
Stocks and Bonds owned by the Company.
Cost value. Market value.
United States bonds, ... . . . $505,642 50 $185,690 00
Pennsylvania R. R. bonds, .... 195,375 00 200,000 00
Lehigh Valley R. R. bonds, . . . . . 294,500 00 295,500 00
1876.]
OF OTHER STATES.
123
Lehigh Coal and Nav. Co. bonds,
Susquehanna Coal Co. bonds,
Belvidere and Del. R. R. bonds,
Summit Branch R. R. bonds, .
Cramp & Sons Manuf. Co. bonds,
Crane Iron Co. bonds,
Schuylkill Nav. Co. bonds,
Reading Coal and Iron Co. bonds,
Philadelphia city warrants, ' .
$101,000 00
15,625 00
50,000 00
24,503 47
25,000 00
45,000 00
65,827 75
14,850 00
168,434 23
),000 00
15,625 00
51,000 00
25,000 00
25,000 00
45,000 00
53,365 00
11,000 00
168,434 23
$1,505,757 95 $1,465,614 23
PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY OF NEW
YORK, NEW YORK.
[Incorporated February 25, 1875. Commenced business August 10, 1875.]
Paid-up Capital, $125,000.
Sheppard Homans, President. Secretary, A. F. Wilmarth.
James L. Goodridge, Secretary. Actuary, Sheppard Homans.
Principal Office, 195 Broadway.
Attorney to accept service, Stephen P. Ward well, Boston.
Income.
Total premium income, $54,941 91
Cash received for interest on stocks, bonds and loans, . . 5,466 09
from deposits and loans, 13,217 98
Total income, $73,625 98
Net or ledger assets, December 31, 1875, .... 130,635 64
Total, . $204,261 62
Disbursements.
Cash paid for losses and additions, $1,000 00
for surrendered policies, 404 38
for commissions, salaries and expenses of agents, 30,375 20
for medical examiners' fees, ..... 2,087 30
for salaries of officers and office employes, . . 16,575 30
for taxes and fees, . 1,164 68
for rent, . . . . 7,240 77
for furniture and office fixtures, . . . 957 63
for advertising, 8,571 13
for office and incidental expenses, .... 10,201 53
Total disbursements,
$78,577 92
Balance, $125,683 70
124
LIFE INSURANCE COMPANIES [Dec. 31,
Invested in the following : —
Assets as per Ledger Accounts.
Premium notes or loans on policies in force, .
Cost value of stocks and bonds owned (schedule A),
Cash in company's office,
Cash deposited in bank,
Bills receivable, .
Agents' ledger balances,
Ledger assets (as per balance),
Deduct depreciation from cost of assets,
Total net or ledger assets,
Other Assets.
Uncollected premiums on policies in force,
Deferred premiums on policies in force,
Total,
Deduct loading (10 per cent.),
Net am't of uncollected and deferred prem's
Furniture and fixtures, ....
$3,861 95
17,216 59
$21,078 54
2,107 85
$329 38
119,763 12
572 46
1,082 16
212 93
3,723 65
$125,683 70
7,356 87
$118,326 83
18,970 69
3,148 32
Total assets per company's books, .
Items not Admitted.
Furniture and fixtures, .
Agents' balances,
Bills receivable,
Total,
Total admitted assets,
•
•
$140,445 84
$3,148 32
3,723
65
212
93
7,084 90
$133,360 94
Liabilities.
Computed premium reserve or net present
value of all outstanding policies (Actuaries'
4 per cent.) $33,919 00
Deduct net value of re-insured risks, . . 1,074 00
Net re-insurance reserve, . . .
Death losses and matured endowments in process of adjust-
ment,
Due for salaries, rent and office expenses, . $3,750 00
Deposits, 1,367 29
All other liabilities : premiums paid in advance, 502 68
Liabilities as to policy-holders,
Surplus as regards policy-holders, .
Gross liabilities,
$32,845 00
14,000 00
5,619 97
$52,464 97
80,895 97
$133,360 94
1876.] OF OTHER STATES. 125
Premium Note Account.
Premium notes or loans received during 1876, . . . $568 41
Redeemed by maker in cash, 26 10
Balance note assets, December 31, 1876, . . . $542 31
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 81 $221,000 00
Endowment policies, 9 27,000 00
All other policies, 174 609,600 00
New Policies Issued in 1876.
Whole-life policies, 584 937,550 00
Endowment policies, 74 203,250 00
All other policies, 394 1,162,800 00
Total number and amount, .... 1,316 $3,161,200 00
Policies ceased to be in force during the year.
Terminated by death, 3 $16,000 00
by expiry, .
by surrender,
by change and decrease,
Not taken,
5 18,000 00
276 612,000 00
7,500 00
121 276,000 00
Total terminated, 405 $929,500 00
Policies in force December 31, 1876.
Whole-life policies, 415 $650,550 00
Endowment policies, 57 153,750 00
All other policies, 439 1,427,400 00
Totals, 911 $2,231,700 00
Schedule A. .
Stocks and Bonds owned by the Company.
Cost value. Market value.
United States bonds, . . . . $119,763 12 $112,406 25
126
LIFE INSURANCE COMPANIES [Dec. 31
TRAVELERS' INSURANCE COMPANY (LIFE DEPARTMENT),
HARTFORD, CONN.
[Incorporated June 17, 1S63. Commenced business July, 1S66.]
James G-. Batterson, President, Secretary, Rodney Dennis.
Gustavus F. Davis, Vice-President. Actuary, George Ellis.
Principal Office, Hartford.
Attorney to accept service, Charles G. C. Plummer, Boston.
Income.
Total premium income, $520,612 70
Cash received for interest on stocks, bonds and loans, . . 175,282 25
for interest on other debts due the company, . 2,878 01
as discount on claims paid in advance, . . 513 64
for rents of company's property, . . . 1,300 00
for profits on bonds, stocks or gold sold, . 3,5-18 93
Total income, . .
Net or ledger assets, December 31, 1875,
Total,
. $704,135 53
. 2,315,329 33
$3,019,464 86
Disbursements.
Cash paid for losses and additions, . . .
for matured endowments and additions,
Gross amount paid for losses and endowments,
Cash paid to annuitants,
for surrendered policies,
$168,976 26
4,000 00
$172,976 26
1,150 00
12,415 19
Total paid policy-holders, . . .. $1S6,541 45
Cash paid for commissions to agents, ....
for salaries and travelling expenses of agents,
for medical examiners' fees, ....
for salaries of officers and office employes, .
for taxes and fees,
for rent, ........
for commuting commissions, ....
for furniture and office fixtures,
for advertising, ......
for office and incidental expenses,
44,244 15
16,900 15
9,692 54
12,960 10
4,747 22
353 71
3,484 15
1,416 33
20,338 33
38,229 68
Total disbursements,
$338,907 81
Balance,
$2,680,557 05
1876.]
OF OTHER STATES.
127
Invested in the following : —
Assets as per Ledger Accounts
Cost value of real estate,
Loans on mortgage of real estate (first liens),
Cost value of stocks and bonds owned (schedule A),
Cash in company's office,
Cash deposited in bank,
Agents 1 ledger balances,
Ledger assets (as per balance),
Deduct depreciation from cost of assets, .
Total net or ledger assets,
$138,980 22
2,029,927 50
458,997 29
2,387 20
49,907 54
357 30
£2,680,557 05
12,000 00
12,668,557 05
Other Assets.
Interest due and accrued, 113,826 47
Market value of stocks and bonds over cost,. . . . 6,677 71
Uncollected premiums on policies in force, . $79,880 00
Deferred premiums on policies in force, . 60,918 24
Total, $140,798 24
Deduct loading (12 per cent.), . . . 16,895 79
Net am't of uncollected and deferred prem's, 123,902 45
Total assets per company's books, .... $2,912,963 68
Items not Admitted.
Agents' balances,
Total assets of Life Department,
Total assets of Accident Department,
Gross assets,
357 30
£2,912,606 38
1,140,552 86
1,053,159 24
Liabilities.
Computed premium reserve or net present
value of all outstanding policies (Actua-
ries' 4 per cent.), $2,547,928 00
Deduct net value of re-insured risks, . . 23,423 00
Net re-insurance reserve, .... $2,524,505 00
Death losses due and unpaid, . . . . $1,000 00
Death losses and matured endowments, in
process of adjustment, .... 49,900 00
Claims resisted by the company, . . . 5,625 00
Total policy claims, 56,525 00
128
LIFE INSURANCE COMPANIES [Dec. 31,
All other liabilities : reserve for indemnity contracts of life
policies, , $10,000 00
Liabilities as to policy-holders, in Life Department, $2,591,030 00
Liabilities as to policy-holders in Accident Department, 274,988 52
Gross liabilities, ....
Surplus as regards policy-holders, .
$2,866,018 52
.,187,140 72
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 8,501 $16,253,172 00
Endowment policies, 1,927 2,689,992 00
All other policies,
New Policies Issued in 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
Old Policies Revived during the year.
Whole-life policies,
Endowment policies,
Old Policies increased during the year.
Whole-life policies,
83
225,950 00
6.
. 2,060
. 336
26
3,621,851 00
390,445 00
49,300 00
year.
24
5
34,000 00
3,800 00
1,000 00
Total number and amount,
. 12,962 $23,269,510 00
Policies ceased to be in force during the year.
Terminated by death,
by maturity, .
by expiry, .
by surrender,
by lapse,
by change and decrease,
Not taken,
Total terminated,
93
$178,504 00
, 2
4,000 00
19
79,000 00
31
44,959 00
1,228
2,317,400 00
367
863,570 00
389
635,686 00
. 2,129 $4,123,119 00
Policies in force December 31, 1876.
Whole-life policies, 8,846 $16,414,138 00
Endowment policies, ...... 1,918 2,583,503 00
All other policies, . . . . . . .69 148,750 00
Totals,
.10,833 $19,146,391 00
1876.]
OF OTHER STATES.
129
Schedule A.
Stocks and Bonds owned by the
United States bonds,
Indianapolis city bonds, .
Topeka city bonds, ....
Oswego city bonds, ....
Milwaukee and St. Paul R. R. bonds,
Keokuk and Des Moines R. R. bonds,
New York, Prov. and Boston R. R. bonds,
Lake Shore and M. Southern R. R. bonds,
Detroit, Monroe and Toledo R. R. bonds,
300 shares N. Y., N. H. and Hartford R. R.,
100 " Amer. Exch. Nat'l Bank, N. Y.,
160 " Merchants 1 Nat'l Bank, N. Y.,
100 " Metropolitan Nat'l Bank, N. Y.,
100 " Mercantile Nat'l Bank, Hartford,
200 " Thames Nat'l Bank, Norwich,
188 " Phoenix Nat'l Bank, Hartford,
260 " Hartford Nat'l Bank, Hartford,
80 " Farmers and Mechanics' Nat'
Bank, Hartford, .
350 " American Nat'l Bank, Hartford,
50 " First Nat'l Bank, Hartford, .
100 " National Bank of the Common
wealth, ....
100 " First Nat'l Bank, .
956 " Railway Pass. Assur. Co.,
200 " Conn. Trust and Safe Deposit Co.,
50 " Security Co.,
Company.
Cost value.
$11,675 00
7,766 66
15,231 39
10,639 72
9,462 50
4,095 00
9,597 22
1,000 00
21,432 17
45,265 25
11,413 00
11,156 25
13,612 50
10,200 00
24,600 00
29,068 00
40,946 00
10,385 00
23,324 50
5,024 88
11,212 75
12,700 00
93,789 50
20,400 00
5,000 00
Market value.
$11,700 00
9,500 00
15,000 00
10,400 00
10,500 00
7,390 00
10,000 00
1,045 00
21,500 00
46,500 00
10,500 00
7,680 00
12,500 00
12,600 00
26,600 00
30,080 00
40,040 00
10,240 00
25,200 00
5,000 00
11,700 00
12,700 00
95,600 00
17,000 00
4,700 00
$458,997 29 $465,675 00
UNION MUTUAL LIFE INSURANCE COMPANY, AUGUSTA, ME.
[Incorporated July 17, 1848. Commenced business October 1, 1849.]
John E. DeWitt, President. Sec'y and. Actuary, David L. Gallup.
Daniel Sharp, Vice-President.
Principal Office, Boston.
Attorney to accept service, John E. De Witt, Boston,
Income.
Total premium income, $1,616,775 00
Cash received for interest on stocks, bonds and loans, . 463,742 91
for interest on other debts due the company, 16,416 35
17
130 LIFE INSURANCE COMPANIES [Dec. 31,
Cash received for rents of company's property, . . . $2,208 85
for profits on bonds, stocks or gold sold, . 2,804 74
Total income, . • $2,101,947 85
Net or ledger assets, December 31, 1875, . . . . . 8,502,793 55
Total, $10,604,741 40
DlSBUKSEMENTS.
Cash paid for losses and additions, $473,671 40
Premium notes or loans used in payment of same, . . 31,604 32
Cash paid for matured endowments and additions, . . 37,929 66
Premium notes or loans used in payment of same, . . 12,874 34
Gross amount paid for losses and endowments, . . $556,079 72
Cash paid to annuitants, ....... 7,666 66
for surrendered policies, 272,879 44
Premium notes or loans used in purchase of surrendered
policies and voided by lapse, ...... 425,246 09
Cash dividends paid policy-holders, applied in payment of
premiums, . 126,557 60
Premium notes or loans used in payment of dividends, . 164,667 00
Total paid policy-holders, . . . $1,553,096 51
Cash paid for commissions and expenses of agents, . . 388,860 51
for medical examiners 1 fees, .... 15,757 69
for salaries of officers and office employes, . . 72,300 83
for taxes and fees, . . . . . . 20,253 12
for advertising, 12,341 67
for agency and incidental expenses, . . . 144,894 63
Total disbursements, . $2,207,504 96
Balance, $8,397,236 44
Invested in the following : —
Assets as per Ledger Accounts.
Cost value of real estate,
Loans on mortgage of real estate (first liens), .
on collateral security (schedule A), .
on company's policies assigned as collateral,
Premium notes or loans on policies in force,
Cost value of stocks and bonds owned (schedule B),
Cash in company's office,
Cash deposited in bank,
Bills receivable, . . . . .
$556,899 30
5,210,353 95
24,551 44
2,900 00
1,881,566 24
570,225 00
1,009 22
117,879 40
15,439 63
1876.] OF OTHER STATES. 131
Agents' ledger balances, $14,851 71
Accrued interest on bonds purchased, 1,560 55
Ledger assets (as per balance), $8,397,236 44
Deduct depreciation from cost of assets, . . . 536,387 49
Total net or ledger assets, $7,860,848 95
Other Assets.
Interest due and accrued, 172,643 87
Uncollected premiums on policies in force, . $97,498 87
Deferred premiums on policies in force, . 23,042 20
Total $120,541 07
Deduct loading' (20 per cent.), . '. . 24,108 21
Net am't of uncollected and deferred prem's, 96,432 86
Total assets per company's books, . . . $8,129,925 68
Items not Admitted.
Agents' balances, $14,851 71
Bills receivable, 15,439 63
Total, 30,291 34
Total admitted assets, $8,099,634 34
Liabilities.
Computed premium reserve or net present value of all
outstanding policies (Actuaries' 4 per cent.), . . .$7,729,78100
Death losses and matured endowments in process of ad-
justment, 205,800 00
Unpaid dividends of surplus due policy-holders, . . . 30,000 00
Contingent liability on lapsed policies, .... 14,804 00
Premiums paid in advance, . 17,683 88
Liabilities as to policy-holders, . . . . $7,998,068 88
Surplus as regards policy-holders, .... 101,565 46
Gross liabilities, $8,099,634 34
Premium Note Account.
Premium notes on hand, Dec. 31, 1875, . $2,208,536 83
or loans received during 1876, 712,095 59
Total,. $2,920,632 42
132
LIFE INSURANCE COMPANIES [Dec. 31,
$44,478 66
Used in payment of losses and claims,
of surrendered policies and
voided by lapse, .
of dividends to policy-hold-
ers,
Redeemed by maker in cash,
Total, ........
Balance note assets, December 31, 1876,
425,246 09
164,667 00
404,674 43
- $1,039,066 18
. $1,881,566 24
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 14,832 $35,301,903 00
Endowment policies, 6,667 10,172,872 00
All other policies, . . . .• . . 623 1,265,600 00
New Policies Issued in 1876.
Whole-life policies,
Endowment policies,
All other policies,
Old Policies Revived during the year.
Whole-life policies,
Endowment policies, .....
Old Policies increased during the year.
Whole-life policies,
Endowment policies,
Total number and amount, .... 26,899 $55,006,720 00
Policies ceased to be in force during the year.
. 4,226
7,510,835 00
. 525
671,855 00
2
20,400 00
year.
13
37,250 00
11
14,271 00
e year.
.
10,000 00
.
1,734 00
Terminated by death, ....
. 293
$670,416 00
by maturity, .
45
66,804 00
by expiry, ....
92
202,000 00
by surrender,
. 1,027
2,256,255 00
by lapse, ....
. 3,737
7,737,728 00
by change and decrease,
.
663,538 00
Not taken,
. 1,261
2,430,775 00
Total terminated,
. 6,455 $14,027,516 00
Policies in force December 31, 1876.
Whole-life policies, ........ 13,886 $31,338,629 00
Endowment policies, 6,031 8,576,575 00
All other policies, ....... 527 1,064,000 00
Totals,
20,444 $40,979,204 00
1876.]
OF OTHER STATES.
133
Schedule A.
Securities held as Collateral.
Par value.
Amount loaned.
5 shares Holyoke Water Co.,
. *$ 1,000 00
$600 00
5 " Boston Lead Co., .
5,000 00
2,500 00
7 " Norway Plains Co.,
3,500 00
2,000 00
100 " Hartford Fire Ins. Co.,
10,000 00
7,000 00
51 " Third Ave. R. R. (N. Y.
), . . 5,100 00^
3,000 00/
7,451 44
Chicago C. & I. R. R. bonds, .
Assignment of mortgage,
10,700 00
5,000 00
$38,300 00
$24,551 44
Schedule B.
•
Stocks and Bonds owned by the Company.
Cost value.
Market value.
Maine state bonds, .
. $100,200 00
$110,500 00
United States bonds,
. 232,062 50
231,350 00
Richmond (Va.) city bonds, .
10,250 00
11,400 00
Providence (R. I.) city bonds,
25,315 00
27,000 00
Bangor (Me.) city bonds,
. 106,625 00
106,625 00
Lewiston (Me.) city bonds, .
20,775 00
20,600 00
Portland (Me.) city bonds,
52,375 00
52,000 00
New York city bonds,
10,750 00
10,750 00
$558,352 50
$570,225 00
UNITED STATES LIFE INSURANCE COMPANY, NEW YORK.
[Incorporated February, 1850. Commenced business March, 1850.]
Paid-up Capital, $250,000.
James Buell, President. Secretary, Chas. P. Fraleigh.
Principal Office, 261 Broadway.
Attorney to accept service, Walbridge A. Field, Boston.
Income.
Total premium income, $853,219 90
Cash received for interest on stocks, bonds and loans, . . 284,754 49
Total income, . . $1,137,974 39
Net or ledger assets, December 31, 1875, .... 4,452,244 34
Total, $5,590,218 73
Disbursements.
Cash paid for losses and additions, $270,031 64
for matured endowments and additions, . . 12,698 96
Gross amount paid for losses and endowments, . . $282,730 60
* Market value.
134
LIFE INSUKANCE COMPANIES [Dec. 31,
Received for losses and claims on policies re-insured, in-
cluding matured endowments, . . . . . .
$10,000 00
Net amount paid for losses and endowments, . . $272,730 60
Cash paid for surrendered policies, 243,977 99
for additions to policies, ...... 85,475 78
Cash dividends paid policy-holders, applied in payment of
. premiums, 100,411 70
Total paid policy-holders, ... $702,596 07
Cash paid for dividends to stockholders,
for commissions to agents, ....
for salaries and travelling expenses of agents,
for medical examiners' fees, .
for salaries of officers and office employes, .
for taxes and fees,
for rent,
for advertising, . . . .
for office and incidental expenses,
Total disbursements,
25,066 69
114,190 39
1,751 05
12,244 39
36,543 44
3,132 07
12,121 37
23,644 76
57,099 77
Balance,
$988,390 00
$4,601,828 73
Invested in the following : —
Assets as, per Ledger Accounts.
Cost value of real estate,
Loans on mortgage of real estate (first liens),
on collateral security (schedule A), .
Premium notes or loans on policies in force, .
Cost value of stocks and bonds owned (schedule B),
Cash in company's office,
Cash deposited in bank, ......
Bills receivable,
Agents' ledger balances, . .
Ledger assets (as per balance) ,
,724 92
2,660,938 19
41,500 00
155,470 66
1,484,014 22
431 16
191,223 76
8,143 94
13,381 88
^4,601,828 73
Other Assets.
Interest due and accrued, 57,325 55
Market value of stocks and bonds, over cost, . . . 67,149 66
Uncollected premiums on policies in force, . $25,488 00
Deferred premiums on policies in force, . 97,703 76
Total, . . ... . . $123,191 76
Deduct loading (10 per cent.), . . . 12,319 18
Net am't of uncollected and deferred prem's, 110,872 58
Total assets per company's books, .... $4,837,176 52
1876.]
OF OTHEK STATES.
Items not Admitted.
Agents 1 balances, .
Bills receivable,
Total,
Total admitted assets,
$13,381 88
8,143 94
135
$21,525 82
1,815,650 70
Liabilities as to policy-holders,
Surplus as regards policy-holders,
Gross liabilities,
,173,476 00
55,200 00
LIABILITIES.
Computed premium reserve or net present
value of all outstanding policies (Actua-
ries' 4 per cent.), .
Deduct net value of re-insured risks,
Net re-insurance reserve, .
Death losses and matured endowments in process of adjust
ment, . . . .
Premiums paid in advance,
Reserve on lapsed policies,
Sundry liabilities, ....
$4,118,276 00
123,990 00
6,368 00
18,794 00
7,841 66
$4,275,269 66
540,381 04
$4,815,650 70
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, 8,543 $17,562,833 00
Endowment policies, 1,971 4,082,117 00
All other policies, 178 735,700 00
New Policies Issued in 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
Old Policies Revived during the year.
Whole-life policies, ,
Endowment policies, .....
Old Policies increased during the year.
Whole-life policies,
Endowment policies,
1,538
3,418,535 00
552
756,477 00
6
17,000 00
year.
43
87,400 00
16
23,000 00
year.
36
72,160 00
4
33,000 00
Total number and amount,
. 12,887 $26,788,222 00
136
LIFE INSURANCE COMPANIES [Dec. 31,
Policies ceased to be in force during the year.
Terminated by death,
by maturity,
by expiry, .
by surrender,
by lapse,
by change and decrease,
Not taken,
Total terminated,
139
6
2
348
1,469
36
584
$261,860 00
12,290 00
7,000 00
923,340 00
3,315,670 00
200,600 00
1,231,800 00
2,584 $5,952,560 00
Policies in force December 31, 1876.
Whole-life policies, 8,323
Endowment policies, 1,847
All other policies, 133
,853,218 00
3,416,944 00
565,500 00
Totals, 10,303 $20,835,662 00
Schedule A.
Securities held as Collateral.
Market value.
United States bonds, . . . . . $11,737 50
Dime Savings Bank (Chicago), . . . 3,000 00
Assignment of mortgage, . . . . 50,000 00
Amount loaned.
$10,000 00
1,500 00
30,000 00
,737 50 $41,500 00
Schedule B.
Stocks and Bonds owned by the Company.
Cost value. Market value.
United States bonds, $161,264 63 $154,828 88
New York city bonds 518,651 67 554,037 50
Brooklyn city bonds, 204,370 43 227,110 00
Chicago city bonds 50,000 00 50,000 00
South Norwalk (Conn.) water bonds, . . 100,000 00 105,000 00
Buffalo city bonds, 140,000 00 143,400 00
Erie county bonds, 25,000 00 27,500 00
Jersey City bonds, 104,000 00 108,200 00
District of Columbia bonds, .... 105,132 49 105,937 50
Kings county bonds 56,562 50 56,650 00
East Chester town bonds, .... 16,470 00 16,000 00
Richmond county bonds, .... 2,562 50 2,500 00
,484,014 22 $l|551,163 88
1876.]
OF OTHER STATES.
137
VERMONT LIFE INSURANCE COMPANY, BURLINGTON, VT.
[Incorporated October 28, 1868. Commenced business January 1, 1869.]
Paid-up Capital, $100,000.
James R. Hosmer, President. Secretary, Warren Gibbs.
Vice-President, Russell S. Taft.
Principal Office, Burlington.
Attorney to accept service, C. W. Carter, Quincy.
Income.
Total premium income, $24,551 83
Cash received for interest on stocks, bonds and loans, . . 9,379 21
for debts due the company, .... 100 00
Total income, $34,031 04
Net or ledger assets, December 31, 1875, .... 167,279 44
Total, $201,310 48
Disbursements.
Cash paid for losses and additions, ....
Received for losses and claims on policies re-insured, .
Net amount paid for losses and endowments,
Cash paid for surrendered policies, ....
Cash surrender values, including re-converted additions
applied in payment of premiums, ....
Cash dividends paid policy-holders, applied in payment of
premiums,
Total paid policy-holders, . . . $8,531 76
Cash paid for dividends to stockholders,
for commission to agents, ....
for salaries and travelling expenses of agents,
for medical examiners' fees, ....
for salaries of officers and office employes, .
for taxes and fees,
for rent,
for furniture and office fixtures,
for advertising, ......
for other items,
Total disbursements,
Balance,
$11,000
00
5,000
00
$6,000 00
47
28
39
34
2,445
14
6,000 00
1,593 25
2,457 57
271 50
6,392 87
282 82
784 90
61 25
432 29
731 00
$27,539 21
$173,771 27
18
138
LIFE INSURANCE COMPANIES [Dec. 31,
Invested in the following : —
Assets as per Ledger Accounts
Loans on mortgage of real estate (first liens),
on collateral security (schedule A), .
on company's policies assigned as collateral,
Premium notes or loans on policies in force, .
Cost value of stocks and bonds owned (schedule B),
Cash in company's office,
Cash deposited in bank, ......
Bills receivable, . . •","'.
Ledger assets (as per balance) ,
Deduct depreciation from cost of assets,
Total net or ledger assets,
$103,117 50
19,000 00
100 00
8,543 21
24,452 50
3,146 43
14,108 72
1,302 91
$173,771 27
692 50
$173,078 77
Other Assets.
Interest due and accrued, 1,604 50
Uncollected premiums on policies in force, . $6,791 85
Deferred premiums on policies in force, . 2,700 48
Total, . . . . . '. . $9,492 33
Deduct loading (15 per cent.), . . . 1,474 59
Net am't of uncollected and deferred prem's, — 8,017 74
Furniture and fixtures, 1,250 00
Total assets per company's books, .
. $183,951 01
Items not Admitted.
Furniture and fixtures, .
Bills receivable,
Total,
Total admitted assets,
51,250 00
1,302 91
2,552 91
. $181,398 10
Liabilities.
Computed premium reserve or net present
value of all outstanding policies (Actuaries'
4 per cent.),
Deduct net value of re-insured risks,
Net re-insurance reserve,
Death losses adjusted and not due,
Liabilities as to policy-holders,
Surplus as regards policy-holders, .
$82,284 00
720 00
$81,564 00
1,000 00
$82,564 00
98,834 10
Gross liabilities,
$181,398 10
1876.]
OF OTHER STATES.
139
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, .330 $676,226 00
Endowment policies, .....
All other policies,
New Policies Issued in 1876.
Whole-life policies, . . .
Endowment policies, . . .
Old Policies Revived during the. year.
Whole-life policies, ...
Additions by dividends,
124
197,585 00
30
48,189 00
67
109,136 00
34
45,426 00
year.
1
1,000 00
—
182 00
Total number and amount,
586 $1,077,744 00
Policies ceased to be in force during the year.
Terminated by death,
by expiry, .
•by surrender, . #.
by lapse,
by change and decrease,
Not taken,
Total terminated,
Policies in force December 31, 1876.
Whole-life policies, .
Endowment policies,
All other policies, .
Totals, 515
3
$11,000 00
3
7,500 00
18
25,909 00
41
80,000 00
-
4,835 00
6
8,500 00
71
$137,744 00
[876.
350
$686,531 00
138
213,615 00
27
39,854 00
515
$940,000 00
Schedule A.
Securities held as Collateral.
Market value. Amount loaned.
United States 5-20 bonds,
$2,180 00
$2,000 00
«
" 10-40 bonds,
660 00\
36 shares Merchants' Nat'l Bank, .
1,720 00 I
5,000 00
30 "
Howard Natl Bank,
3,000 00 J
50 "
u u ct
5,000 00
5,000 00
10 "
National Car Co., .
700 00
500 00
70 "
84 "
U (« ((
Burlington Gas Light .Co.,
4,900 00^
2,100 00/
6,500 00
,260 00 $19,000 00
140 LIFE INSURANCE COMPANIES [Dec. 31,
Schedule B.
Stocks and Bonds owned by the Company.
Burlington (Vt.) city bonds, .
116 shares Merchants 1 Nat'l Bank, .
25 " Howard Nat'l Bank,
82 " Burlington Gas Light Co.,
United States bonds,
$2.4,452 50 $23,760 00
Cost value.
Market value.
$8,700 00
$8,700 00
5,568 00
5,220 00
2,700 00
2,500 00
2,050 00
2,050 00
5,434 50
5,290 00
WASHINGTON LIFE INSURANCE COMPANY, NEW YORK.
[Incorporated January, 1860. Commenced business February 2, I860.]
Paid-up Capital, $125,000.
Cyrus Cuetiss, President. Secretary, William Haxtun.
Vice-President and Actuary, Wm. A. Brewer, Jr.
Principal Office, 155 Broadway, New York.
Attorney to accept service, Charles W. Holden, Boston.
Income.
Total premium income, : . $854,811 93
Cash received for interest on stocks, bonds and loans, . . 277,391 28
as discount on claims paid in advance, . . 1,117 45
for profits on bonds, stocks or gold sold, . 2,519 21
Total income, $1,135,839 87
Net or ledger assets, December 31, 1875, .... 4,515,892 06
Total, $5,651,731 93
Disbursements.
Cash paid for losses and additions, $285,585 14
for matured endowments and additions, . . 36,599 40
Gross amount paid for losses and endowments, . . $322,184 54
Cash paid to annuitants, . . 1,228 68
for surrendered policies, ..... 92,429 92
Cash dividends paid policy-holders, applied in payment of
premiums, 174,743 00
Total paid policy-holders, . . . $590,586 14
Cash paid for dividends to stockholders, .... 9,776 67
for commissions to agents, . . . . 48,577 81
for salaries and travelling expenses of agents, . 17,373 36
for medical examiners' fees, 5,991 00
1876.]
OF OTHER STATES.
141
Cash paid for salaries of officers and office employes, .
for taxes and fees,
for rent,
for commuting commissions, .
for advertising,
for office and incidental expenses, .
Total disbursements, ......
Balance,
Invested in the following : —
Assets as per Ledger Accounts.
Cost value of real estate,
Loans on mortgage of real estate (first liens),
on company's policies assigned as collateral,
Cost value of stocks and bonds owned (schedule A),
Cash in company's office,
Cash deposited in bank,
Agents' ledger balances,
Ledger assets (as per balance) ,
Other Assets.
Interest due and accrued,
Market value of stocks and bonds, over cost,
Uncollected premiums on policies in force, .
Deferred premiums on policies in force,
$47,681 07
7,166 19
7,500 00
7,066 07
11,252 94=
27,256 48
,227 73
$4,871,504 20
$159,284 80
2,334,252 79
19,109 46
2,198,610 05
5,253 35
111,400 83
43,592 92
$4,871,504 20
53,071 26
160,489 95
Total,
Deduct loading (20 per cent.),
Net am't of uncollected and deferred prem's,
Total assets per company's books, .
Items not Admitted.
$97,721 09
127,816 34
$225,537 43
45,107 48
Agents' balances,
Total admitted assets, !
Liabilities.
Computed premium reserve or net present value of all out-
standing policies (Actuaries' 4 per cent.), .
Death losses due and unpaid, .... $5,211 07
Death losses and matured endowments in
process of adjustment, .... 38,095 75
Total policy claims, . . . . ■
Unpaid dividends of surplus due stockholders,
180,429 95
>,265,495 36
43,592 92
),221,902 44
f4,637,391 00
43,306 82
346 50
142 LIFE INSURANCE COMPANIES. [Dec. 31/76.
Due for salaries, rent and office expenses,
Premiums paid in advance,
Liabilities as to policy-holders,
Surplus as regards policy-holders, .
Gross liabilities, ....
13,000 00
2,388 51
• $4,686,432 83
. 535,469 61
$5,221,902 44
Exhibit of Policies.
Policies and Additions in force December 31, 1875.
Number. Amount.
Whole-life policies, ... . . . . 8,772 $20,231,427 00
Endowment policies, 2,369 4,418,900 00
New Policies Issued in 1876.
Whole-life policies; .
Endowment policies,
Old Policies Bevived during the year.
Whole-life policies, . . ... .
Endowment policies, . ■ .
. 1,029
1,999,460 00
. 236
400,320 00
year.
. 141
401,955 00
27
64,500 00
Total number and amount,
. 12,574 $27,516,562 00
Policies ceased to be in force during the year.
Terminated by death, 98 - $262,555 00
by maturity,
by surrender,
by lapse,
Not taken,
13
34,600 00
463
1,378,000 00
844
1,820,785 00
. 257
473,795 00
Total terminated,
. 1,675 $3,969,735 00
Policies in force December 31, 1876,
Whole-life policies, .
Endowment policies,
. 8,575 $19,435,157 00
. 2,324 4,111,670 00
Totals, . • . . 10,899 $23,546,827 00
Schedule A.
Stocks and Bonds owned by the Company.
Cost value. Market value.
. $559,920 00 $581,400 00
. 101,268 75 100,000 00
. 1,135,367 29 1,260,700 00
. 391,998 63 406,000 00
10,055 38 11,000 00
United States registered bonds,
New York state registered bonds, .
New York city registered bonds, .
Brooklyn city registered bonds,
Kingston town bonds,
^2,198,610 05 $2,359,100 00
ACCIDENT INSUBANCE COMPANIES
OF OTHER STATES.
Detailed Statements of Assets and Liabilities, with Abstract
of Annual Statements, for the Year ending
December 31, 1876.
144 ACCIDENT INSURANCE COS. [Dec. 31,
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
RAILWAY PASSENGERS' ASSURANCE COMPANY OF HART-
FORD, CONN.
[Incorporated May, 1865. Commenced business February, 1866.]
Paid-up Capital, $300,000.
James G. Batterson, President. Secretary, Chas. E. Willard.
Rodney Dennis, Vice-President.
. Principal Office, Hartford.
Attorney to accept service, Charles G. C. Plummer, Boston.
Income.
Total premium income, $100,369 44
Cash received for interest on stocks, bonds and loans, . . 31,475 49
from all other sources, 417 01
Total income, $132,261 94
Net or ledger assets, December 31, 1875, .... 463,903 55
Total, $596,165 49
Disbursements.
Cash paid for losses and additions, . . . . . $23,330 36
for dividends to stockholders, .... 27,000 00
for commissions to agents, 30,107 34
for travelling and loss expenses, .... 4,392 28
for salaries of officers and office employes, . . 17,283 61
for taxes and fees, 5,843 56
for rent, 1,000 00
for advertising, 3,737 32
for office and incidental expenses, . . . 8,133 12
Total disbursements, $120,827 59
Balance, $475,337 90
1876.]
OF OTHER STATES.
145
Invested in the following : —
Assets as per Ledger Accounts.
Loans on mortgage of real estate (first liens), . . . $86,000 00
Cost value of stocks and bonds owned (schedule A), . . 355,965 11
Cash in company's office, 393 01
Cash deposited in bank, 32,979 78
Ledger assets (as per balance),
Other Assets.
Market value of stocks and bonds, over Cost,
Total assets per company's books, .
. $475,337 90
198 51
. $475,536 41
Liabilities.
Premium reserve on account of accident risks outstanding
December 31, 1876 (estimated), $15,000 00
Death losses and matured endowments in
process of adjustment, .... $12,000 00
Claims resisted by the company, . . . 8,000 00
Total policy claims, ..... 20,000 00
Liabilities as to policy-holders,
Surplus as regards policy-holders, .
. $35,000 00
. 440,536 41
Gross liabilities,
$475,536 41
Schedule A.
Stocks and Bonds owned by the Company.
Cost value. Market value.
United States bonds, $67,682 19 $73,663 12
Connecticut state bonds, 49,550 50 58,750 00
Hartford city bonds, 9,746 25 10,300 00
Chicago city water loan, 9,800 00 9,700 00
So. Minnesota R. R. bonds, .... 9,234 66 7,000 00
No. Missouri R. R. bonds, .... 8,362 50 9,850 00
Milwaukee and St. Paul R. R. bonds, . . 9,312 50 10,400 00
Lake Shore R. R. bonds, 1,000 00 1,030 00
Dub. and Sioux City R. R. bonds, . . . 9,600 00 10,600 00
Hart., Prov. and Fishkill R. R. bonds, . . 4,970 14 5,250 00
Shoe and Leather Nat'l Bank, N. Y., . . 7,560 67 8,910 00
American Exchange Natl Bank, N. Y., . . 11,414 00 10,500 00
Merchants' Nat'l Bank, N. Y., ... 11,125 00 7,680 00
Fourth Nat'l Bank, N. Y 10,312 50 9,600 00
City Nat'l Bank, Hartford, .... 20,716 75 18,600 00
Hartford Trust Co. stock, .... 12,056 20 10,283 00
Connecticut Trust Co. stock, .... 15,000 00 12,000 00
L. S. and Mich. So. R. R. stock, . . . 32,537 00 24,097 50
19
146
ACCIDENT INSURANCE COS. [Dec. 31.
N. Y. Cent, and H. R. R. R. stock, .
N. Y., N. H. and H'tf'd R. R. stock,
C, R. I and P. R. R. stock, .
$10,075 00
34,799 00
11,110 25
$10,062 50
37,687 50
10,200 00
$355,965 11 $356,163 62
TRAVELERS' INSURANCE COMPANY (ACCIDENT DEPART-
MENT), HARTFORD, CONN.
[Incorporated June 17, 1863. Commenced business April, 1864.]
Paid-up Capital, $600,000.
James G. Batterson, President. Secretary, Rodney Dennis.
Gustavus F. Davis, Vice-President. Actuary, George Ellis.
Principal Office, Hartford.
Attorney to accept service, Charles G. C. Plummer, Boston.
Income.
Total premium income,
Cash received for interest on stocks, bonds and loans, .
as discount on claims paid in advance, .
for rents of company's property,
for profits on bonds, stocks or gold sold,
Total income,
Net or ledger assets, December 31, 1875,
Total,
$676,294. 00
75,564 90
60 22
98 50
2,304 11
$754,321 73
1,087,720 96
51,842,042 69
Disbursements.
Cash paid for losses and additions,
for dividends to stockholders,
for commissions to agents,
for salaries and travelling expenses of agents,
for salaries of officers and office employes, .
for taxes and fees, ....
for rent,
for furniture and office fixtures,
for advertising, ....
for agency and incidental expenses,
Total disbursements, , • .
Balance, .
$277,093 42
72,000 00
140,768 53
91,739 74
40,162 07
8,092 15
19,141 23
393 10
26,489 14
68,852 35
$744,731 73
.,097,310 96
1876.]
OF OTHER STATES.
147
Invested in the following : —
Assets as per Ledger Accounts
Cost value of real estate, . . . .
Loans on mortgage of real estate (first liens),
Cost value of stocks and bonds owned (schedule A),
Cash in company's office, . . , ...
Cash deposited in bank, .
Agents' ledger balances,
Ledger assets (as per balance),
$14,448 56
209,800 00
814,492 33
1,045 05
56,462 79
1,062 23
$1,097,310 96
Other .Assets.
Interest due and accrued,
Market value of stocks and bonds, over cost,
Total assets per company's books, .
8,520 46
35,783 67
,141,615 09
Items not Admitted.
Agents' balances,
Total assets of Accident Department,
Total assets of Life Department,
Gross assets, ..'...
1,062 23
$1,140,552 86
. 2,912,606 38
$4,053,159 24
Liabilities.
Premium reserve on account of accident risks outstanding
December 31, 1876 (estimated), $191,188 52
Death losses due and unpaid, .... $5,000 00
Death losses and matured endowments in
process of adjustment, .... 44,800 00
Claims resisted by the company, . . . 29,000 00
Total policy claims, . . . . 78,800 00
Due for salaries, rent and office expenses, .... 5,000 00
Liabilities as to policy-holders in Accident Department, $274,988 52
Exhibit of Policies.
Number. Amount.
Accident policies in force December 31, 1875, . 29,774 $90,736,550 00
New policies issued in 1876, 39,613 110,950,972 00
Total,
69,387 $201,687,522 00
148
ACCIDENT INSURANCE COS. [Dec. 31,76.
Policies ceased to be in force during the year.
Terminated by death, 62 $183,500 00
by^xpiry, 35,016 104,511,822 00
Total terminated,
. 35,078 $104,695,322 00
Policies in force December 31, 1876,
. 34,309 $96,992,200 00
Schedule A.
Stocks and Bonds owned by the
United States bonds,
Connecticut state bonds,
Tennessee state bonds,
Virginia state bonds,
Elizabeth City bonds,
Chicago water loan bonds,
Mich. So. and No. Indiana R. R. bonds, .
Indianapolis and Cincinnati R. R. bonds,
Chicago and No. Western R. R. bonds, .
Hartford, Prov. and Fishkill R. R. bonds,
200 shares N. Y., N. H. and H. R. R., .
140
100
250
200
209
250
Lake Shore and Mich. So. R. R.,
N. Y. Cent, and Hudson R. R. R.
American Nat'l Bank, Hartford,
City Nat'l Bank, Hartford, .
Phoenix Nat'l Bank, Hartford,
Farmers and Mechanics 1 Nat'l B'k
Hartford, ....
100 " Mercantile Nat'l Bank, Hartford,
300 " Hartford Nat'l Bank, Hartford,
24 " Nat'l Exchange Bank, Hartford,
65 " -Etna Nat'l Bank, Hartford, .
100 " New Britain Nat'l Bank,
150 " Fourth Nat'l Bank, N. Y., .
100 " Nassau Nat'l Bank, N. Y., .
125 " Hartford Trust Co.,
604 " Railway Passengers Assur. Co.,
Company.
Cost value.
$324,974 46
45,289 66
26,677 50
14,582 00
9,593 33
19,200 00
10,682 50
12,090 00
10,312 50
14,396 78
31,973 75
11,552 09
10,412 50
13,782 50
21,744 00
27,126 25
31,537 25
9,982 00
48,610 13
1,575 01
8,409 37
11,500 00
14,112 50
11,000 00
13,191 25
60,185 00
Market value.
1357,670 00
49,500 00
13,120 00
20,097 00
9,600 00
21,600 00
10,300 00
11,700 00
10,600 00
16,350 00
31,000 00
7,980 00
10,300 00
18,000 00
18,600 00
33,440 00
32,000 00
12,600 00
46,200 00
1,584 00
8,385 00
13,000 00
15,000 00
10,000 00
11,250 00
60,400 00
$814,492 33 $850,276 00
LIFE AND ACCIDENT
INSURANCE COMPANIES
OF OTHEE STATES
Authorized to do Business in Massachusetts, with the Agents
acting for the same, and the amount of business done
by each Agent, for the Year ending October
31, 1876, as returned to the tax commis-
sioner, and by him compiled.
150
AGENTS OF LIFE INSURANCE [Oct. 31,
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AGENTS AND SUB-AGENTS.
158
AGENTS AND SUB-AGENTS.
LIST OF AGENTS AND SUB-AGENTS
AUTHORIZED AT DATE OF PUBLICATION OF THIS REPORT,
[Agents marked *.]
iETNA, Hartford, Conn.
*Dwight Chester, .
Ivory S. Cornish, .
S. C. Willis,
C. T. Caulfield, .
G. D. Richardson,
Boston.
New Bedford.
N. Oxford.
Boston.
Springfield.
P. C. Headley, .
T. R. Vestal,
George H. Briggs,
E. Dearborn,
Boston.
Fall River.
Amesbury.
Lowell.
CHARTER OAK, Hartford, Conn.
*George Marks, .
James Sherman, .
Charles Greenwood,
Andrew S. Briggs,
J. Dwelley, .
James F. Davis, .
Thomas W. Fuller,
William P. Hood,
*C. C. Tracy,
*E. C. Whittlesey,
A. W. Selkirk, .
James 0. Parker,
J. G. Albro, .
John Brown,
Levi Cleaves,
George P. Daniels,
George C. Fenn, .
Ira N. Goddard, .
Haydenville.
Boston,
Boston.
Taunton.
W. Scituate.
Barre.
New Bedford.
Somerset.
Northampton.
Worcester.
Gt. Barrington.
Methuen.
N.Attleborough.
Medford.
Rockport.
Salem.
Ware.
Millbury.
Francis Norton, .
B. A. Nourse,
N. W. Preston, .
S. S. Trefry,
A. E. Mack,
William S. Danforth,
Frank Thatcher, .
J. E. Porter,
J. R. Perkins,
W. A. Webster, .
Elias L. Cardell, .
William Abbott, .
*G. B. Hilliard, .
E. A. Hilliard, .
Thos. H. Goodspeed,
Geo. F. Mellen, .
Chas. F. Smith, .
CONNECTICUT GENERAL, Hartford Conn.
*H. S. Bacon,
*E, G. Field,
*Isaac N. Wood, .
* Alfred Laws,
Milford.
Amherst.
Fall River,
Brockton.
*A. D. Haynes, .
*James M. Cushman,
*Edwin Ray,
CONNECTICUT MUTUAL, Hartford, Conn.
*Edwin Ray,
Albert P. Sawyer,
William Lincoln, .
J. C. Chaffee,
John S. Roraback,
A. P. Newman, .
Boston.
Newburyport.
Warren.
Lee.
Boston.
Boston.
Ladd Bros. & Co.,
*L. L. Barnard, .
*Elisha Risley, .
Jeremiah Kelley, .
C. W. Chapman, .
George S. Eddy, .
Springfield.
Westborough.
E. Douglas.
Marblehead.
Lawrence.
Plymouth.
Hyanni^.
N. Brookfield.
Brockton.
Westford.
Lowell.
Andover.
Boston.
Boston.
Athol.
Fall River.
Worcester.
Lawrence.
Taunton.
Boston.
Springfield.
Fall River.
Springfield.
Fall River.
New Bedford.
Fall River.
AGENTS AND SUB-AGENTS.
159
Walter W. Hodges,
Charles C. Noyes,
S. A. Stacey & Son,
J. C. Hammond, .
Smith & Wheeler,
H. W. Billings, .
CONNECTICUT MUTUAL, Hartford, Conn.— Continued.
. Pittsfield.
Boston.
Boston.
Gloucester.
Taunton.
Worcester.
Conway.
William S. Danforth, . Plymouth.
John C. Parker, .
Julius F. Jiartwell,
H. H. Wellington,
Oliver Walker,
Daniel W. Kilburn,
Asa P. Rand,
Springfield.
Adams.
Northampton.
Boston.
Westfield.
*W. S. Chamberlain,
C. B. Magee,
John M. Turner, .
Henry Allison,
CONTINENTAL, Hartford, Conn.
Boston. A. E. Mixer, . . Chester.
Boston. Thos. C. Bidwell, . Springfield.
Northampton. C. R. Cooper, . . Boston.
Fitchburg. E. J. L'Herault, . . Fall River.
EQUITABLE, New York.
*Henry T. Blodgett, . Boston.
* James Hurd,
. Lowell.
H. T. Blodgett, Jr
., . Boston.
W. A. S. Smythe,
. Worcester.
Luke C. Coe,
. Boston.
A. C. Palmer,
. Boston.
W. D. Thayer,
. Boston.
*CIarence A. Cook,
. New Bedford.
E. W. Manning,
. Boston.
*Flagg & Dowlin,
. North Adams.
Henry Brett,
. Boston.
*John M. Turner,
. Northampton.
Theo. Carstein, .
. Boston.
E. H. Hay ward, .
. Ayer.
G. A. Millay,
. Southbridge.
*F. Krause,
GERMANIA, New York.
Boston. | Ernest L. Bartholmes, . Springfield.
*J. H. Nolan,
Jacob Fox, .
GLOBE MUTUAL, New York.
Boston.
Boston.
Jones Frankle,
Samuel C. Oliver,
Haverhill.
Boston.
HARTFORD LIFE AND ANNUITY, Hartford, Conn
*E. Fletcher, . . Boston. J. W. Woodruff, . . Auburndale
Nathaniel Haley, . . Boston. E. W. Brigham, . . Waltham.
James H. Greenwood, . Gardner.
HOME, New York.
*James M. Burgess, .......... Boston.
*Henry Hale,
J. B. Hanners,
HOMCEOPATHIC MUTUAL, New York.
Hyde Park.
Walpole.
Hollis K. Bennett,
*Charles G. Stevens,
Fitchburg.
Clinton.
KNICKERBOCKER, New York.
*Francis A. Howard, . Boston. | *Wallace D. Williams, Boston.
160
AGENTS AND SUB-AGENTS.
MANHATTAN, New York.
*j. Mason Everett,
. Boston.
Augustine Burt, .
Springfield.
Arthur H. Jones, .
. N. Adams.
Henry B. Peirce, .
Abington.
H. Van Campen,
. New Bedford.
E. M. Bickford, .
Sherborn.
C. W. Holden, .
. Boston.
METROPOLITAN, New York.
*W. D. Arnold, .
. East Abington.
*Marcus Kallman,
Boston.
*Alvah Harvey, .
. N. Adams.
1
MUTUAL,
New York.
♦Amos D. Smith, 3d,
. Boston.
Francis Baker
Boston.
J. B. Bonnell,
. Worcester.
A. S. Briggs,
Taunton.
William R. Gordon,
. Beverly.
A. D. Miner,
N. Adams.
Geo. L. Woods, .
• . Springfield.
S. D. Howland, .
Fall River.
William P. Hood,
. Somerset.
William S. Greene,
Fall River.
Lawrence Grinnell,
. New Bedford.
J. A. Remington,
Fall River.
N. B. Perkins,
. Salem.
J. B. Anthony,
Boston.
R. B. Robinson, .
. Westfield.
James M. Colton,
Boston.
Frank E. Manley,
. Lowell.
B. D. Chase,
Boston.
E. W. Hunt,
. Weymouth.
Susan A. Harriman, .
Boston.
Franklin Whipple,
. Worcester.
Samuel D. Green,
Chelsea.
James Oliver,
. Lynn.
J. W. Allen, .
Maplewood.
Henry White,
. Springfield.
M. N. Wheelwright, .
Newton.
Gilford Morse,
. Springfield.
Reuben Nickerson,
Orleans.
Charles Hovey, .
. Lowell.
Chas. G. Stevens, .
Clinton.
F. L. Gilman,
. New Bedford.
Moses H. Pease, .
Lee.
R. W. Grinnell, .
. New Bedford.
Charles W. Tarbell, .
Boston.
John Glancy,
. Boston.
MUTUAL BENEF
IT, Newark, N. J.
*J. B. Niver, .
. Boston.
W. H. S. Jordan & Son,
Boston. •
John S. Winn,
. Boston.
James H. McFarland, .
Boston.
Edward A. Thomas,
. Amherst.
John T. Hall,
Plymouth.
George W. Allen,
. Amherst.
J. S. Tileston,
Hingham.
Joshua Merrill,
. Lowell.
Benjamin W. Russell, .
Salem.
Silsbee & Pxkford,
. Lynn.
Geo. F. Mellen, .
Fall River.
NATIONAL,
MONTPELIER, VT.
* James T. Phelps,
. Boston.
*S. A. Childs,
Fitchburg.
*E. S. Merrill, .
. Winchendon.
*Charles D. Tucker, .
Worcester.
*Aaron R. Morse,
. Haydenville.
NATIONAL OF THE U.
S. A., Washington, D.
C.
*L. M. Miller,
. Boston.
William Barnes, .
Marlborough.
F. A. Harlow,
. Middleborough.
Thomas C. Kennedy, .
East Boston.
Amos Andrews, .
. Holyoke.
H. W. Bush,
W. Brookfield
Milo Stowell,
. Hinsdale.
NEW YORK
, New York.
*Stocking & Austin,
. Boston.
*John L. Graves, .
Springfield.
Fred. W. Masters,
. Boston.
* James Melanefy,
Worcester.
*Jarvis Rockwell,
. N. Adams.
AGENTS AND SUB-AGENTS.
161
NORTHWESTERN NATIONAL, Milwaukee, Wis.
*E. J. Smith,
Thomas E. Lambert,
William P. Gannett,
*L. H. Whitney, .
Byron Stevens,
Boston.
Boston.
Boston.-
Cambridge.
Lowell.
J. W. Gniteau,
L. E. Waterman, .
John D. Church, .
N. T. Houghton, .
Boston.
Boston.
Lowell.
Greenfield.
Barnard Brothers,
PENN MUTUAL, Philadelphia, Penn.
Boston.
PHCENIX MUTUAL, Hartford, Conn.
♦William H. Guild,
John K. Norwood,-
Frank W. Wheeler,
*G. E. Holloway,
Boston.
Lawrence.
Lowell.
Hartford.
G. B. Buffington, .
A. P. Newman, .
*J. M. Stevenson, .
Geo. D. Dutton, .
Fall River.
Boston.
Pittsfield.
Pittsfield,
PROVIDENT LIFE AND TRUST, Philadelphia, Penn.
♦Gilbert C. Hoag, . . Boston.
Geo. G. Newhall, . . Boston.
S. C. Tozzer, . . Lynn.
Wm. H. Newhall, . Lynn.
PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY, New York.
♦Stephen P. Wardwell, Boston.
Roderick Burt, . . Springfield.
Edward Burnham, . Cambridgeport.
George Otis, .
George Kempton,
Yarmouth port.
New Bedford.
RAILWAY PASSENGERS', Hartford, Conn.
*C. G. C. Plummer, . Boston.
A. L. Sessions,
. Northampton
C. 11. At wood,
. Boston.
Albert D. Swan, .
. Lawrence.
George Angier,
. Boston.
J. W. Gay, Jr., .
. Winchendon.
B. Smith,
. Boston.
W. A. Tilton,
. Ashland.
T. E. Bond, .
. Boston.
G. A. Millay,
. Southbridge.
C. A. Faxon,
. Boston.
J. F. dwell,
. Worcester.
Foss & Hall,
. Boston.
W. A. Edwards, .
. Boston.
James Mills,
. Boston.
J. W. Richardson,
. Boston.
Edwin Mercer,
. Boston.
Henry Hale, .
. Boston.
L. H. Palmer,
. Boston.
T. P. Doolittle, .
. Springfield.
E. A. Danielson,
. Boston.
Henry A. Brown,
. Salem.
Walter Clapp, Jr.,
. Boston.
H. C. Church,
. Lowell.
James S. Smith,
• Boston.
CM. Ruggles,
. Worcester.
Stearns Bros.,
. Boston.
J. Barnard, .
. Worcester.
A. P. Jones, .
. Boston.
R. C. Clark, .
. Sandwich.
George M. Robert
s, . Boston.
H. G. Gilmore,
. Springfield.
W. M . Loring,
. Boston.
Ladd Bros. & Co.,
. Springfield.
H. G. Foulkes,
. Boston.
Clarence A. Cook,
. New Bedford
James A. Farley,
. Boston.
Enoch H. Beer, .
. N. Adams.
F. H. Smith,
. Boston.
E. B. Sears, .
. Amherst.
Rob't Rand, .
. Boston.
Charles H. Davis,
. Lawrence.
Chas E. Fish,
. Palmer.
William Barnes, .
. Marlborough.
Aug. Coolidge,
. Worcester.
A. C. Munroe,
. Worcester.
Albert Hyde,
. Pittsfield.
Andrew S. Briggs,
. Taunton.
Charles B. Dennis
, . Fitchburg.
M. M. Howard, .
. Greenfield.
21
162
AGENTS AND SUB-AGENTS.
RAILWAY PASSENGERS', Hartford, Conn.— Continued.
F. A. Judd, .
E. J. Crossman, .
S. L. Batch elder, .
A. A. Davis,
H. A. Goodenough,
Walter Raymond,
A. A. Smith,
J. H. Stannard,
R. B. Robinson,
Daniel F. Viles,
H. S. Harris,
A. Van Deusen,
H. A. Bowen,
B. A. Hathaway,
John T. Hall,
G. S. Brooks,
Hatch & Co.,
H. Van Campen,
F. L. Gilman,
John K. Norwood,
Daniel Hooke,
Springfield.
Lowell.
Salem.
Lynn.
Northampton.
Boston.
Boston.
Lawrence.
Westfield.
Waltham.
Taunton.
Stockbridge.
Shelburne Falls.
Plymouth.
Plymouth.
Orange.
New Bedford.
New Bedford.
New Bedford.
Lawrence.
Haverhill.
W. H. Mansfield, .
Daniel Upton,
W. W. Kidder, .
A. K. Slade, Jr., .
M. E. Hervey,
J. W. Fairbanks, .
H. W. Goodrich, .
Jas. T. Phelps, .
J. E. Wood, .
C. C. Judd, .
William F. Johnson,
A. T. Caswell,
E. L. Cogswell, .
W. W. Ward,
J. H. Daniels,
S. D. Howland, .
Edwaixl E. Belding,
Hunt Brothers,
W. S. Rodisnon, .
Lewis J. Powers, .
Gt. Barrington.
S. Adams.
Brockton.
Fall River.
Boston.
Westborough.
Boston.
Boston.
Winchendon.
Holyoke.
Lynn.
Lowell.
Lee.
Holyoke.
Fitchburg.
Fall River.
Chicopee.
Athol.
Northampton.
Springfield.
TRAVELERS', Hartford, Conn.
*C. G. C. Plummer,
H. C. Church,
Wm. Lincoln & Co.,
R. B. Robinson, .
J. C. Hammond, .
H. J. Dunham, .
E. V. B. Holcomb,
Samuel Porter,
Henry B. Peirce, .
Benjamin F. Brown,
S. D. Webster, .
Hunt Brothers,
Porter Underwood,
H. Van Campen, .
Franklin Whipple,
Waldo Johnson, .
Edwin Mercer,
James 0. Parker,
H. M. Puffer,
J. H. Sta.nnard, .
R. D. Chase,
F. L. Gilman,
Samuel E. Howe,
John M. Turner, .
Daniel S. Whitney,
S. D. Howland, .
Chapin & Williams,
E. F. Adams,
K. E. Farwell, .
Daniel F. Viles, .
D. L. Mitchell, .
Leander Holbrook,
Boston.
Lowell.
Warren.
Westfield.
Taunton.
Stockbridge.
Cliicopee Falls.
Beverly.
Abington.
Boston.
Lawrence.
Athol.
Holyoke.
New Bedford.
Worcester.
Webster.
Boston.
Methuen.
Shelburne Falls.
Lawrence.
Orange.
New Bedford.
Pittsfield.
Northampton.
Southborough.
Fall River.
Greenfield.
Haverhill.
Natick.
Waltham.
Taunton.
Milford.
H. G. Gilmore, .
J. A. Remington, .
G. A. Millay,
Noah A. Poole, .
George Otis, .
Chas. G. Stevens & Son,
Geo. E. Underwood, .
N. S. Kimball, .
Andrew S. Briggs,
Thomas C. Collins,
Daggett & Richardson,
A. C. Munroe,
Royal E. Farwell,
Augustus Cooledge,
Charles B. Dennis,
John Edwards,
H. L. Follansbee,
Silsbee & Pickford,
Oliver Walker,
William Barnes,
Henry A. Brown,
E. M. Phillips,
G. A. Christie,
Piper & Sawyer,
E. P. Parsons,
J. T. Tarr & Co.,
Walden & Miller,
Albert B. Root,
H. W. Bush, .
W. W. Kidder,
Stevenson & Dutton,
Springfield.
Fall River.
Southbridge.
Abington.
Yarmouthport.
Clinton.
Ayer.
Haverhill.
Taunton.
Middleborough.
Attleborough.
Worcester.
Natick.
Worcester.
Fitchburg.
Lawrence.
Gloucester.
Lynn.
Northampton.
Marlborough.
Salem.
Southbridge.
Northampton.
Newburyport.
Lynn.
Rockport.
N. Adams.
Pittsfield.
W. Brookfield.
Brockton.
Pittsfield.
AGENTS AND SUB-AGENTS.
163
UNION MUTUAL, Augusta, Me.
*John E. DeWitt,
. Boston.
G. H. Merriam, .
. Woburn.
D. L. Gallup,
. Boston.
C. H. Pierce,
. Northampton
Daniel Walker, .
. Boston.
W. H. C. Bubier, .
. Boston.
N. B. Chadsey, .
. Boston.
Myron C. Davis, .
. Worcester.
J. G. Clarke,
. Boston.
Robert Lloyd,
. Boston.
Louis W. Burnham,
. Boston.
W. R. Nutting, .
. Worcester.
J. L. Johnson,
. Springfield.
J. M. Shepard, Jr.,
&
0. L. Cowles,
. Westfield.
Co., .
E. B. Lloyd,
. Russell.
Leverett Clarke, .
. Boston.
H. H. Coraey,
. Boston.
Robert H. Patton,
. Chelsea.
E. H. C. Hooper, .
. Boston.
UNITED STATES, New York.
James W. Briggs,
S. D. Driver,
O. A. Taft, .
*George B. Perry,
Dempster Moore, .
Boston.
Lowell.
Worcester.
N. Adams.
Boston.
*B. S. Calef, .
George Hamer,
E. P. Parsons,
Chace & Slade,
H. S. Fay, .
Boston.
N. Adams.
Lynn.
Fall River.
Marlborough.
*C. W. Carter,
A. W. Haynes,
VERMONT, Burlington, Vt.
Boston.
Still River.
G. H. Estabrook,
Bailey Sargent,
Worcester.
Merrimac.
*Charles W. Holden,
*R. H. Salter,
WASHINGTON, New York.
Reed & Brother,
Boston.
Boston.
G. F. Mellen & Co.,
Boston.
Fall River.
INDEX TO COMPANIES.
[For Index to G-eneral Topics and Tables, see Table of Contents prefacing the Commis-
sioner's Report.]
Page
JMtaa Life, Hartford, Conn., 28
American Popular Life, New York, N. Y., vii
Atlantic Mutual Life, Albany, N. Y., vi
Berkshire Life, Pittsfield, Mass., 2
Charter Oak Life, Hartford, Conn., ..35
Connecticut General Life, Hartford, Conn., ........ 39
Connecticut Mutual Life, Hartford, Conn., 43
Continental Life, Hartford, Conn., 48
Continental Life, New York, N. Y v
Equitable Life, New York, N. Y., 52
Germania Life, New York, N. Y., 56
Globe Mutual Life, New York, N. Y., 59
Hartford Life and Annuity, Hartford, Conn., . 63
Hartford Accident, Hartford, Conn., v
Home Life, Brooklyn, N. Y., 67
Homoeopathic Mutual Life, New York, N. Y., 71
John Hancock Mutual Life, Boston, Mass., . . . ., . . . . 6
Knickerbocker Life, New York, N. Y., 74
Life Association of America, St. Louis, Mo., vi
Manhattan Life, New York, N. Y., . . . . . . . . . 79
Massachusetts Hospital Life, Boston, Mass., 10
Massachusetts Mutual Life, Springfield, Mass., 12
Metropolitan Life, New York, N. Y., 83
Mutual Life, New York, N. Y , 87
Mutual Benefit Life, Newark, N. J., 90
166 INDEX TO COMPANIES.
Page
National Life, Montpelier, Vt., ' 94
National Life, Washington D. C, . . . , 98
New England Mutual Life, Boston, Mass., . . . . . . . . 16
New Jersey Mutual Life, Newark, N. J., . . vi
New York Life, New York, N. Y., ■ . . . .102
Northwestern Mutual Life, Milwaukee, Wis., . . . . . . . 106
Penn Mutual Life, Philadelphia, Penn., 110
Phoenix Mutual Life, Hartford, Conn., 115
Provident Life and Trust, Philadelphia, Penn., 119
Provident Savings, New York, N. Y., .123
Railway Passengers', Hartford, Conn., . . . . . . . . . 144
Security Life, New York, N. Y., vi
State Mutual Life, Worcester, Mass., 21
Travelers', Hartford, Conn. (Life Department), 126
Travelers', Hartford, Conn. (Accident Department), 146
Union Mutual Life, Augusta, Me., 129
United States Life, New York, N. Y., 133
Universal Life, New York, N. Y., vii
Vermont Life, Burlington, Vt., . . 137
Washington Life, New York, N. Y., 140
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